June 20, 2013 / 10:54 AM / 4 years ago

TABLE-India Reliance's oil imports down 12 pct in May y/y- trade

June 20 (Reuters) - India's Reliance Industries, owner of the world's biggest
refining complex, imported nearly 12 percent less oil in May compared with a year earlier,
tanker arrival data made available to Reuters showed. 
    Reliance, which has a diversified crude slate and shifts purchases to maximise revenue,
bought about 1.17 million barrels per day (bpd) of oil in May, a decline of nearly 18 percent
from April, the data showed.
    Reliance's two advanced refineries in western Gujarat state can together process 1.2 million
bpd of oil, about 28 percent of India's overall capacity. The complexity of these plants allows
the refiner to diversify its crude slate continuously by testing new grades, and to improve
refining margins. 
    In the first five months of 2013, the private refiner shipped in about 1.22 million bpd of
oil, a 3 percent decline from a year ago, the data showed.
    In January to May, it bought about 48 percent of its oil needs from Latin America, with
Venezuela maintaining its position as top crude supplier, which it has held since May 2012,
followed by Saudi Arabia.
     The Neutral Zone, a border area whose production belongs to Saudi Arabia and Kuwait, was
the third-biggest oil supplier to Reliance in the first five months of this year. 
    Reliance has an annual deal with Saudi Aramco to buy about 240,000 bpd oil, including 60,000
to 65,000 bpd from its fields in the Neutral Zone.
    Reliance's imports from outside the Middle East included Merey and Leona from Venezuela,
Jubarte and Roncador from Brazil, Maya from Mexico, Castilla from Colombia, Lokele from
Cameroon, Mandji and Olende from Gabon, Dalia from Angola and Gharib Blend from Egypt. 
 
    Following are the details of Reliance's crude and condensate imports in January-May 2013 
versus a year ago, according to the data. Volumes are in 1,000 bpd:  

------------------------------------------------------------------------------------------------
 Region/          May     April    %chg       May     %chg     Jan-May   Jan-May    %chg
 Country        2013      2013    mth/mth    2012    yr/yr       2013       2012    yr/yr
 -----------------------------------------------------------------------------------------------
 Latam
 Brazil         65.6       21.9    199.7     65.2      0.7       24.4       85.7    -71.5
 Colombia       66.3       83.8    -20.8      0.0       --       65.4        0.0       --
 Mexico         61.7       63.7     -3.2     96.1    -35.8       62.3       69.5    -10.4
 Venezuela     335.3      424.0    -20.9    267.1     25.5      427.6      221.4     93.1
 TOTAL         528.9      593.3    -10.9    428.4     23.5      579.7      376.6     53.9
 
 Asia
 Malaysia        0.0        0.0       --      0.0       --        0.0        1.7   -100.0
 Australia       0.0        0.0       --      0.0       --        6.9        7.7    -10.4
 TOTAL           0.0        0.0       --      0.0       --        6.9        9.4    -26.3
 
 Meast
 Neutral Zone  122.7      129.2     -5.1    112.0      9.5      114.8      143.7    -20.1
 Oman            6.1       18.5    -66.8      0.0       --       10.2       11.8    -12.9
 Iraq           66.7      137.0    -51.3      0.0       --       68.0       76.6    -11.1
 Qatar          66.3      119.1    -44.3    157.2    -57.8       64.0      107.3    -40.4
 Kuwait          0.0       35.1   -100.0      0.0       --        7.0        0.0       --
 S Arabia      242.7      222.3      9.2    190.6     27.4      199.4      195.1      2.2
 UAE             0.0       36.3   -100.0     60.0   -100.0       30.1       91.0    -66.9
 Dubai           0.0        0.0       --      0.0       --        0.0       20.7   -100.0
 Yemen           0.0        0.0       --      0.0       --        0.0       25.4   -100.0
 TOTAL         504.5      697.5    -27.7    519.7     -2.9      493.6      671.6    -26.5
 Europe
 Albania         0.0        0.0       --      0.0       --        0.0        1.9   -100.0
 TOTAL           0.0        0.0       --      0.0       --        0.0        1.9   -100.0
 
 C.I.S.
 Russia          0.0        0.0       --     34.4   -100.0        0.0        7.0   -100.0
 TOTAL           0.0        0.0       --     34.4   -100.0        0.0        7.0   -100.0
 
 Africa
 Nigeria         0.0        0.0       --      0.0       --        5.5        0.0       --
 Angola         33.6       67.5    -50.2    122.7    -72.6       47.6       70.8    -32.8
 Cameroon       23.1       23.3     -0.9     40.8    -43.6        9.4       16.4    -42.9
 Congo           0.0        0.0       --     30.3   -100.0        0.0       12.3   -100.0
 Chad            0.0        0.0       --      0.0       --        9.9        0.0       --
 Egypt          35.1       36.3     -3.3     70.0    -49.9       32.4       43.0    -24.5
 Gabon          41.9        0.0       --     75.8    -44.7       11.6       24.5    -52.7
 Sudan           0.0        0.0       --      0.0       --        0.0        4.1   -100.0
 Eq Guinea       0.0        0.0       --      0.0       --       19.2       15.6     23.4
 TOTAL         133.7      127.0      5.2    339.6    -60.6      135.7      186.7    -27.3
 -----------------------------------------------------------------------------------------
 TOTAL ALL    1167.1     1417.9    -17.7   1322.1    -11.7     1215.9     1253.2     -3.0
 -----------------------------------------------------------------------------------------
 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 per tonne, divided by the number
of days.
 

 (Reporting by Nidhi Verma; Editing by Jo Winterbottom)

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