April 23, 2020 / 12:28 PM / a month ago

TABLE-India Nayara Energy's March oil imports up 32.3% y/y - trade sources

    NEW DELHI, April 23 (Reuters) - India's Nayara Energy, partly owned by Russian oil
major Rosneft, imported 32.3% more oil in March compared with the same month
a year ago, and for the first time shipped in Ecuador's Napo oil since a change in
management in 2017, according to data from the shipping industry and sources.
    Kremlin-controlled Rosneft and its partners - global trader Trafigura and Russian
fund UCP - in August 2017 completed the acquisition of Essar Oil, now known as Nayara
Energy, in a $12.9 billion deal.
    Essar previously shipped in Ecuadorian oil August 2014.
    The sources declined to be identified as they were not authorized to speak with
media.
    Following are details of Nayara's crude and condensate imports. Volumes are in
1,000 bpd.
    
 Region/Countr   Mar 2020    Feb     %Chg   Mar        %Chg    Jan-Mar  Jan-Mar    %Chg
 y                          2020  mth/mth   2019      yr/yr       2020     2019   yr/yr
 Latin America                                                                         
 Brazil               0.0    0.0       --   34.7     -100.0        0.0     43.1  -100.0
 Ecuador             48.8    0.0       --    0.0         --       16.6      0.0      --
 Mexico               0.0    0.0       --   68.3     -100.0        0.0     69.9  -100.0
 Venezuela          136.6  109.1     25.2   66.7      104.9      128.1     81.6    56.9
 TOTAL              185.3  109.1     69.9  169.7        9.2      144.7    194.6   -25.6
                                                                                       
 Middle East                                                                           
 Oman                32.2    0.0       --    0.0         --       11.0      0.0      --
 Iran                 0.0    0.0       --    0.0         --        0.0      0.0      --
 Iraq               102.4  106.5     -3.9   32.2      218.2      102.9     45.3   127.0
 S Arabia             0.0    0.0       --    0.0         --        1.1     11.1   -89.9
 UAE                  0.0   20.4   -100.0   19.2     -100.0       17.1     29.1   -41.1
 TOTAL              134.5  126.9      6.1   51.4      161.7      132.1     85.5    54.6
                      0.0    0.0       --    0.0         --        0.0      0.0      --
 C.I.S.               0.0    0.0       --    0.0         --        0.0      0.0      --
 Azerbaijan           0.0    0.0       --    0.0         --        0.0      0.0      --
 Kazakhstan          63.9   33.0     93.8   64.1       -0.3       53.8     32.8    64.0
 Russia               0.0   34.3   -100.0    0.0         --       10.9      0.0      --
 TOTAL               63.9   67.3     -5.0   64.1       -0.3       64.7     32.8    97.4
                      0.0    0.0       --    0.0         --        0.0      0.0      --
 Africa               0.0    0.0       --    0.0         --        0.0      0.0      --
 Egypt               18.8   16.5     13.7   32.7      -42.6       27.5     23.2    18.9
 Sudan                0.0    0.0       --    0.0         --        0.0      7.0  -100.0
 TOTAL               18.8   16.5     13.7   32.7      -42.6       27.5     30.1    -8.6
 Canada              18.1    0.0       --    0.0         --        6.2      0.0      --
 TOTAL ALL          420.8  319.8     31.6  317.9       32.3      375.2    343.0     9.4
 The total may not tally as numbers in tonnes have been rounded after converting them
into barrels per day using a conversion factor of 7.2 barrels per tonne divided by the
number of days.
Numbers for previous months have been revised.
Data also includes some crude parcels that arrived in February, but discharged in
March. It also includes some parcels that arrived in March and were discharged in
April.

 (Reporting by Nidhi Verma; Editing by Amy Caren Daniel)
  
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below