November 30, 2012 / 1:13 PM / 7 years ago

India Reliance Oct oil imports up 12.8 pct y/y- trade

NEW DELHI, Nov 30 (Reuters) - India's Reliance Industries, owner of the world's
biggest refining complex, imported nearly 13 percent more oil in October over a year earlier and
made its first ever purchase of Canadian heavy oil. It also bought oil from Ecuador, the first
since August 2011, tanker arrival data made available to Reuters showed.
    During October, Reliance imported oil from Mexico after a gap of four months and shipped in
crude from Colombia after skipping purchases from the South American nation for three months,
according to the data.
    Reliance, which has a diversified crude slate and swings purchases to maximise revenue,
bought about 7.5 percent more oil in January-October over a year earlier. It bought about a
third of its oil needs from Latin America, with Venezuela emerging as the top supplier followed
by Saudi Arabia.
    Reliance's two advanced refineries in western Gujarat state can together process 1.2 million
barrels per day (bpd) of oil -- about 28 percent of the country's overall refining capacity.
    The complexity of these plants allows the refiner to continuously diversify its crude slate
by testing new grades and improve refining margins.
    Last month, Reliance received its first parcel of Canadian Cold Lake heavy oil, along with
Oriente grade of Ecuador. 
    Weightage of heavy grades from the Latin American region may rise significantly from the
current 30 percent or so as the private refiner last month signed a deal with Venezuela's PDVSA
to buy between 300,000-400,000 bpd of oil. 
    The Neutral Zone, whose production belongs to Saudi Arabia and Kuwait, was the third-biggest
oil supplier to Reliance in the first 10 months of this year.
   Reliance's imports from outside the Middle East included: Merey and Leona from Venezuela;
Castilla from Colombia, Ras Gharib from Egypt; Doba from Chad; Aseng from 
Equatorial Guinea, Vincent from Australia, Dalia from Angola and Maya from Mexico.
    Following are the details of Reliance's crude and condensate imports in January-October 2012
versus a year ago, according to the data. Volumes are in 1,000 bpd:
      
------------------------------------------------------------------------------------------------
Region/          Oct      Sept       Oct      %chg      %chg     Jan-Oct  Jan-Oct      %chg
Country         2012      2012      2011   mth/mth      yr/yr       2012     2011      yr/yr
 -----------------------------------------------------------------------------------------------
 Latam
 Brazil          0.0      67.4       0.0    -100.0         --       76.0     60.3      25.9
 Colombia       31.3       0.0      34.7        --       -9.8        6.7     20.1     -66.7
 Ecuador        67.3       0.0       0.0        --         --        6.8     13.5     -49.4
 Mexico         61.7       0.0      61.7        --       -0.1       40.9     37.9       8.0
 Venezuela     462.8     422.3     165.2       9.6      180.1      297.5    177.6      67.5
 TOTAL         623.1     489.7     261.7      27.2      138.1      428.0    309.5      38.3
 
 Asia
 Malaysia        0.0       0.0       0.0        --         --        0.8      0.0        --
 Australia      19.3       0.0      19.4        --       -0.5        7.8     10.2     -23.6
 TOTAL          19.3       0.0      19.4        --       -0.5        8.6     10.2     -15.4
 
 MEast
 Neutral Zone   59.9     148.1     168.7     -59.5      -64.5      134.1    123.2       8.8
 Oman            0.0       0.0      57.4        --     -100.0        5.9    108.7     -94.6
 Iraq           62.1      68.1     195.8      -8.8      -68.3       70.5    116.2     -39.3
 Qatar         163.5     125.1     121.8      30.8       34.2      119.1     95.5      24.6
 Kuwait          0.0       0.0       0.0        --         --        0.0      3.4    -100.0
 S Arabia      303.4     183.7     234.5      65.1       29.4      207.8    191.4       8.5
 UAE            87.2     134.0      56.1     -34.9       55.5       89.1     75.9      17.4
 Dubai           0.0       0.0      16.1        --     -100.0       10.3      9.7       6.4
 Yemen           0.0      28.6      62.0    -100.0     -100.0       15.5     13.0      18.8
 TOTAL         676.2     687.5     912.4      -1.7      -25.9      652.2    737.1     -11.5
 
 Europe
 Albania         0.0       0.0       0.0       --          --        1.4      0.0        --
 TOTAL           0.0       0.0       0.0       --          --        1.4      0.0        --
 
 C.I.S.
 Russia          0.0       0.0       0.0       --          --        3.5      0.0        --
 TOTAL           0.0       0.0       0.0       --          --        3.5      0.0        --
 
 Africa
 Nigeria         0.0       0.0       0.0       --          --        3.3      3.3       0.1
 Angola         65.6      99.6      65.7    -34.1        -0.1       77.4     82.9      -6.6
 Ivory Coast     0.0       0.0       0.0       --          --        0.0      0.0        --
 Cameroon        0.0       0.0       0.0       --          --        6.1      6.6      -8.4
 Congo           0.0      32.4       0.0   -100.0          --       16.6      1.8     841.5
 Chad           32.6       0.0       0.0       --          --        6.4      0.0        --
 Egypt          52.6      54.0      52.5     -2.7         0.1       33.9     47.5     -28.7
 Gabon           0.0      31.2       0.0   -100.0          --       20.8      0.0        --
 Sudan           0.0       0.0      20.1       --      -100.0        2.1      2.1       0.0
 Eq. Guinea     22.1      56.4       0.0    -60.8          --       33.5      3.2     950.7
 TOTAL         172.9     273.6     138.3    -36.8        25.0      199.9    147.3      35.7
 
 Canada         10.5       0.0       0.0       --          --        1.1       --        --
 -------------------------------------------------------------------------------------------
 TOTAL ALL    1501.9    1450.8    1331.8      3.5        12.8     1294.7   1204.1       7.5
 -------------------------------------------------------------------------------------------
 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 7.2 barrels in a tonne divided by the number of
days.
    


 (Reporting by Nidhi Verma; Editing by Jo Winterbottom)
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