January 13, 2017 / 4:13 PM / 7 months ago

TABLE-India Essar's Iran oil imports fell 23 pct in Dec vs Nov - trade

NEW DELHI, Jan 13 (Reuters) - Essar Oil, a key Indian buyer of Iranian crude, imported 23
percent less oil from Tehran in December compared with the previous month, ship tracking data
made available to Reuters shows.
    The private refiner raised purchases from Latin America during the month and bought
Brazilian oil after a gap of nearly a year, the data showed.
    It also bought Lokele grade from Cameroon for the first time last month, the data showed.
    Essar Oil's overall shipments from Tehran rose 55 percent, at about 182,000 barrels per day
(bpd), in the first nine months of the contract year beginning April 1, 2016, the data also
showed.    
    India's oil imports from Iran surged to a record high in 2016 at about 473,000 bpd.
 
    Essar imported about 120,000 bpd oil from Tehran in December compared with 67,600 bpd a year
ago, the data showed. It shipped an average 168,300 bpd from Iran in 2016, about 69 percent
higher than the previous year, the data showed.
    Essar's total crude imports in December rose by about 45 percent to 448,900 bpd, the data
showed.
    Following are details of Essar's crude and condensate imports in December and since the
beginning of this year. Volumes are in 1,000 bpd:
       
 Region/Count  Dec     Nov    %Chg     Dec    %Chg   Jan-Dec  Jan-Dec  %Chg
 ry            2016    2016   mth/mth  2015   yr/yr     2016     2015  yr/yr
 Latam                                                                 
 Brazil          33.2    0.0       --   29.8   10.0      2.8     14.3   -80.3
 Colombia         0.0    0.0       --    0.0     --      0.0      1.7  -100.0
 Mexico         136.0   67.2    102.4   32.9   75.8     28.8     27.2     5.8
 Venezuela      138.5   69.5     99.3   69.6   49.7    148.5    115.2    28.9
 TOTAL          307.6  136.6    125.1  132.3   57.0    180.1    158.4    13.7
 Asia                                                                     
 Pakistan         0.0    0.0       --    0.0     --      0.0      0.9  -100.0
 TOTAL            0.0    0.0       --    0.0     --      0.0      0.9  -100.0
 Middle East                                                              
 Iran           119.7  155.2    -22.9   67.6   43.5    168.3     99.5    69.1
 Iraq             0.0    0.0       --   64.7     --     11.4     38.7   -70.7
 Qatar            0.0    0.0       --   15.6     --      0.0      4.0  -100.0
 Kuwait           0.0    0.0       --    0.0     --      0.0      4.5  -100.0
 S. Arabia        0.0    0.0       --    0.0     --      1.9      1.1    68.6
 U.A.E.           0.0    0.0       --    0.0     --      2.7      4.6   -39.9
 TOTAL          119.7  155.2    -22.9  147.9  -23.6    184.4    152.5    20.9
 Africa                                                                   
 Cameroon        21.6    0.0       --    0.0  100.0      1.8      0.0    --
 Egypt            0.0   18.4   -100.0   17.7     --      3.0      9.3   -67.8
 TOTAL           21.6   18.4     17.6   17.7   18.1      4.8      9.3   -48.1
 TOTAL ALL      448.9  310.2     44.7  297.9   33.6    369.3    321.1    15.0
 NOTE: The total may not tally as numbers in tonnes have been rounded off after converting them
into barrels using a conversion factor of 7.2 barrels per tonne and dividing by the number of
days. Numbers for the previous months may have been revised.

  

 (Reporting by Nidhi Verma; Editing by Alison Williams)

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