April 26, 2017 / 11:57 AM / 3 months ago

TABLE-India Essar doubles Iran oil imports in 2016/17 - trade

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    NEW DELHI, April 26 (Reuters) - Essar Oil, Iran's key Indian client, doubled oil imports
from Iran in 2016/17 to about 239,000 barrels per day (bpd) as it stepped up shipments after
sanctions against the Persian Gulf nation were lifted, according to tanker arrival data obtained
from trade sources and ship-tracking services on the Thomson Reuters terminal.
    Essar shipped in about 91,000 bpd of oil from Iran last month, a decline of about 63 percent
from February, the data showed, as it diversified its crude basket.
    In the last fiscal year, Indian refiners' oil imports from Iran topped a half-a-million-bpd
mark. The South Asian nation imported 541,000 bpd oil from Iran, the data showed.
    Following are details of Essar's crude and condensate imports. Volumes are in 1,000 bpd:
 Region/Coun  March   Feb     % Chg   March   % Chg   Jan-March  Jan-March   % Chg
 try          2017    2017   mth/mth  2016    yr/yr     2017       2016     yr/yr
                                                                            
 Brazil         0.0     0.0      --     0.0      --         9.5        0.0     --
 Mexico        67.6    76.4    -11.5    0.0      --        90.2       23.9   278.0
 Venezuela    137.3    75.2     82.5  134.2      2.3       94.7      158.0   -40.1
 TOTAL        204.9   151.6     35.2  134.2     52.7      194.4      181.8     6.9
                                                                               
 Middle East                                                                   
 Iran          91.0   246.6    -63.1  204.5    -55.5      148.7      126.9    17.2
 Iraq          35.3     0.0      --     0.0      --        12.2       33.7   -63.9
 S. Arabia      0.0     0.0      --     0.0      --         0.0        7.7  -100.0
 U.A.E.         0.0     0.0      --     0.0      --         0.0       11.0  -100.0
 TOTAL        126.3   246.6    -48.8  204.5    -38.2      160.9      179.3   -10.3
                                                                               
 Africa                                                                        
 Nigeria       58.6     0.0     --      0.0     --         20.2        0.0    --
 TOTAL         58.6     0.0     --      0.0     --         20.2        0.0    --
                                                                               
 TOTAL ALL    389.8   398.2     -2.1  338.7     15.1      375.4      361.1     4.0
 
NOTE: The total may not tally as numbers in tonnes have been rounded off after converting them
into barrels per day using a conversion factor of 7.2 barrels in a tonne divided by the number
of days. Numbers for previous months have been revised.

 (Reporting by Nidhi Verma; Editing by Amrutha Gayathri)
  

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