July 11, 2018 / 10:21 AM / in 2 months

TABLE-India's Nayara Energy halved Iran oil imports in June from May - trade

    NEW DELHI, July 11 (Reuters) - Iran's key Indian client Nayara Energy, formerly
known as Essar Oil, nearly halved its oil imports from Iran to 103,500 barrels per
day (bpd) in June compared with a year ago, according to data from the shipping
industry and sources.
    Under pressure from upcoming U.S. sanctions, Nayara plans to reduce its oil
imports from Iran starting from June, sources previously told Reuters.
     Lower imports by private refiners including Nayara had dragged down India's June
oil purchase from Tehran by about 16 percent.
    The sources declined to be identified as they were not authorised to speak with
media.
    Following are details of Nayara's crude and condensate imports. Volumes are in
1,000 bpd.
 Region/Coun    June      May  Pct Chg     June  Pct Chg  Jan-June  Jan-June  Pct Chg
 try            2018     2018  mth/mth     2017    yr/yr      2018      2017    yr/yr
 Latam                                                                               
 Brazil          0.0     31.5   -100.0     32.0   -100.0      16.6      10.0     65.3
 Mexico         71.9     69.5      3.3      0.0      --       47.2      68.4    -31.0
 Venezuela      24.6     66.7    -63.1    137.1    -82.1      48.9      92.6    -47.2
 TOTAL          96.5    167.8    -42.5    169.2    -43.0     112.7     171.0    -34.1
                                                                                 
 Middle East                                                                     
 Oman           65.8      0.0      --       0.0      --       41.3       0.0      --
 Iran          103.5    201.5    -48.6    122.5    -15.5     172.9     151.1     14.4
 Iraq           35.0      0.0      --      72.3    -51.6      28.8      29.8     -3.4
 TOTAL         204.4    201.5      1.4    194.8      4.9     242.9     180.9     34.3
                                                                                 
 C.I.S.                                                                          
 Russia         33.5      0.0      --       0.0      --        5.6       0.0      --
 TOTAL          33.5      0.0      --       0.0      --        5.6       0.0      --
                                                                                 
 Africa                                                                          
 Egypt          31.9     33.0     -3.3     36.5    -12.4      16.5      12.1     36.5
 Sudan          19.9      0.0      --       0.0      --        3.3       0.0      --
 TOTAL          51.9     33.0     57.0     36.5     42.2      25.0      17.5     43.0
 TOTAL ALL     386.2    402.3     -4.0    400.5     -3.6     386.2     369.4      4.5
   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.
    Data also includes some crude parcels that arrived in May, but discharged in
June. It also includes some parcels that arrived in June and were discharged in July.
    

 (Reporting by Nidhi Verma; Editing by Christian Schmollinger)
  
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