August 22, 2019 / 1:16 PM / a month ago

TABLE-India imports 4.6 mln bpd oil in July, up 1.5% y/y - trade

    NEW DELHI, Aug 22 (Reuters) - India imported about 4.6 million barrels per day (bpd) of oil
in July, a growth of about 1.5% from a year earlier, according to data from shipping and
industry sources.
    Iraq continued to be the top seller to the world's third-biggest oil consumer followed by
Saudi Arabia, the data showed.
    Nigeria improved its ranking by a notch and emerged as the third-biggest oil supplier
replacing Venezuela, which slipped to No. 4.
    The Middle East's share in India's total oil imports declined to about 56% from about 60% a
year ago, while that of African oil grades, led by higher shipments of Nigerian oil, rose to 20%
from about 18.5%. 
    The share of oil from the USA increased to about 5.6% from 4.5%, while supplies from Latin
American nations continued to account for about 13.5% of overall purchases.
    The sources declined to be identified.
    The following table shows India's imports by country. The imports include condensate.
Volumes are in '000 bpd.
    
 Region/Count      July      June    %chg       July     %chg  Jan-July    Jan-July    %chg
 ry                2019      2019  mth/mth      2018    yr/yr      2019        2018  yr/yr 
 Latam                                                                                     
 Brazil            99.5      33.8    194.8      68.2     45.9      56.7        67.0   -15.4
 Ecuador            0.0      36.6   -100.0       0.0       --      15.2         0.0      --
 Mexico           239.7     143.8     66.7     103.3    131.9     262.8       205.6    27.8
 Venezuela        278.1     475.2    -41.5     423.5    -34.3     345.5       336.2     2.8
 Argentina          0.0       0.0       --      21.4   -100.0       0.0         6.1  -100.0
 TOTAL            617.3     689.3    -10.5     616.5      0.1     680.1       614.8    10.6
                                                                                           
 Asia                                                                                      
 Brunei            37.2       0.0       --       0.0       --      29.8        16.1    85.4
 Malaysia          57.2      62.4     -8.3      72.9    -21.6      68.4        73.9    -7.5
 Indonesia          0.0      20.0   -100.0       0.0       --       5.9         0.0      --
 Australia          0.0       0.0       --       0.0       --       0.0         6.8  -100.0
 TOTAL             94.4      82.5     14.5      72.9     29.4     104.1        96.8     7.5
                                                                                           
 Middle East                                                                               
 Oman              32.3      54.5    -40.7       0.0       --      44.1       103.4   -57.3
 Iran               0.0       0.0       --     768.0   -100.0     191.6       611.8   -68.7
 Iraq             997.7    1029.2     -3.1     700.1     42.5    1025.7       989.6     3.7
 Qatar             65.1      50.0     30.3      63.1      3.1      41.3        56.2   -26.6
 Kuwait           306.3     256.3     19.5     149.8    104.4     235.2       257.6    -8.7
 S. Arabia        868.3     739.2     17.5     786.2     10.4     788.2       787.0     0.2
 U.A.E.           319.4     423.0    -24.5     258.6     23.5     325.5       266.4    22.2
 Dubai              0.0       0.0       --       0.0       --       0.0         2.3  -100.0
 Yemen              0.0       0.0       --       0.0       --       0.0         9.8  -100.0
 TOTAL           2589.0    2552.3      1.4    2725.8     -5.0    2651.7      3084.0   -14.0
                                                                                           
 Europe                                                                                    
 North sea          0.0       0.0       --       0.0       --       5.9         2.6   123.1
 TOTAL              0.0       0.0       --       0.0       --       5.9         2.6   123.1
                                                                                           
 C.I.S.                                                                                    
 Azerbaijan        32.8      64.6    -49.2      63.9    -48.7      59.8        50.9    17.5
 Kazakhstan        62.7       0.0       --      33.1     89.6      37.1        18.7    98.2
 Russia            32.9      68.1    -51.7       0.0       --      62.6        28.9   116.8
 TOTAL            128.4     132.6     -3.2      97.0     32.4     159.5        98.5    61.9
                                                                                           
 Africa                                                                                    
 Nigeria          459.7     407.9     12.7     422.1      8.9     374.5       328.2    14.1
 Angola           187.9     163.1     15.2      92.1    104.0     124.5       147.6   -15.7
 Ivory coast        0.0      35.5   -100.0       0.0       --       5.0         0.0      --
 Cameroon           0.0      33.4   -100.0       0.0       --       8.0         4.8    66.8
 Congo             64.1       0.0       --      30.8    108.3      35.9         7.1   405.2
 Chad               0.0       0.0       --      80.7   -100.0       9.2        25.3   -63.7
 Egypt             48.9      70.8    -30.9      33.2     47.6      39.7        44.6   -11.0
 Gabon              0.0       0.0       --      30.6   -100.0       0.0        18.3  -100.0
 Ghana             25.0       0.0       --      30.9    -18.9      26.8         9.3   189.6
 Sudan             19.5       0.0       --      19.5      0.4      17.5        21.0   -16.7
 Eq Guinea         81.6      55.4     47.4      21.2    284.6      30.6        12.6   143.6
 Algeria           48.9       0.0       --      78.2    -37.5      60.5        20.2   199.7
 Libya              0.0       0.0       --       0.0       --       4.6         9.4   -51.0
 TOTAL            935.6     766.2     22.1     839.2     11.5     736.7       648.3    13.6
                                                                                           
 USA              258.9     250.7      3.3     204.1     26.9     210.3        61.8   240.3
 TOTAL ALL       4623.6    4473.5      3.4    4555.5      1.5    4548.4      4606.9    -1.3
 
    
NOTE: The total may not tally as numbers in tonnes have been rounded off after converting them
into barrels using a conversion factor of 7.3 barrels per tonne and dividing by the number of
days. Numbers for the previous months may have been revised.     
The data includes some oil tankers that arrived in June but discharged in July. It may also
include some parcels that arrived in July and discharged in August. 

 (Reporting by Nidhi Verma; Editing by Subhranshu Sahu)
  
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