India’s oil imports rose to 4-month high in August- trade

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NEW DELHI — India’s oil imports rose to a four-month high of about 4.2

million barrels per day in August, recovering from the near 1-year low hit in July, tanker data

from trade sources showed, as some refiners plan to boost runs in anticipation of pent-up demand

around the festival season.

Oil imports last month rose about 23% from July and about 6.2% from the same month last

year, the data showed.

Indian refiners mostly buy oil about two months ahead of processing.

The sources declined to be identified as they are not authorized to speak to the media.

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The following table shows India’s imports by country. The imports include condensate.

Volumes are in ‘000 bpd.

Region/Country Aug 2021 July 2021 %Chg Aug 2020 %Chg Jan-Aug Jan-Aug %Chg

mth/mth yr/yr 2021 2020 yr/yr

Latin America

Brazil 32.8 0.0 — 35.0 -6.3 75.9 56.7 33.9

Colombia 69.7 104.3 -33.1 34.9 99.9 70.6 39.3 79.9

Ecuador 72.3 0.0 — 34.2 111.8 18.0 20.5 -12.1

Mexico 205.8 34.7 492.9 139.3 47.7 146.8 177.8 -17.5

Venezuela 0.0 0.0 — 140.9 -100.0 0.0 210.3 -100.0

Guyana 33.8 0.0 — 0.0 — 8.4 0.0 —

TOTAL 414.4 139.0 198.1 384.3 7.8 319.7 504.6 -36.6

Asia

Brunei 19.0 21.7 -12.5 23.3 -18.5 20.6 19.2 7.2

Malaysia 0.0 21.4 -100.0 37.8 -100.0 30.3 44.9 -32.7

Indonesia 0.0 18.5 -100.0 0.0 — 15.4 0.0 —

Australia 0.0 0.0 — 0.0 — 2.3 0.0 —

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TOTAL 19.0 61.6 -69.1 61.2 -68.9 68.5 64.1 6.9

Middle East

Neutral Zone 70.8 19.6 260.7 55.4 27.7 51.1 11.5 344.9

Oman 108.9 78.2 39.2 47.9 127.4 109.8 28.9 279.9

Iraq 928.7 938.5 -1.1 866.6 7.2 1021.8 953.1 7.2

Qatar 46.8 32.1 45.7 65.8 -28.9 30.4 82.4 -63.1

Kuwait 312.8 174.7 79.0 165.1 89.4 227.0 179.9 26.1

S. Arabia 656.5 656.7 0.0 649.8 1.0 603.9 727.3 -17.0

U.A.E. 403.6 306.5 31.7 616.4 -34.5 427.0 480.9 -11.2

Dubai 64.0 0.0 — 0.0 — 14.3 4.1 250.6

TOTAL 2592.1 2206.4 17.5 2467.1 5.1 2485.3 2468.1 0.7

Europe

North sea 0.0 0.0 — 0.0 — 46.3 0.0 —

TOTAL 0.0 0.0 — 0.0 — 46.3 0.0 —

C.I.S.

Azerbaijan 65.3 0.0 — 32.6 100.3 24.8 38.8 -36.0

Kazakhstan 61.9 62.5 -1.0 62.2 -0.5 83.0 118.0 -29.6

Russia 32.9 0.0 — 0.0 — 35.9 39.1 -8.3

TOTAL 160.1 62.5 156.3 94.8 68.9 143.8 195.9 -26.6

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Africa

Nigeria 267.4 363.7 -26.5 386.0 -30.7 344.0 278.3 23.6

Angola 58.1 64.4 -9.7 124.8 -53.4 86.3 81.0 6.6

Ivory coast 0.0 0.0 — 0.0 — 4.3 0.0 —

Cameroon 0.0 0.0 — 0.0 — 12.1 3.8 214.1

Congo 62.5 30.7 103.3 30.6 104.1 15.6 19.3 -18.8

Chad 0.0 0.0 — 32.7 -100.0 0.0 12.1 -100.0

Egypt 91.4 19.1 378.5 31.3 191.9 55.3 53.9 2.6

Gabon 30.7 91.0 -66.3 0.0 — 31.1 3.9 703.0

Ghana 31.1 0.0 — 31.1 -0.1 11.7 4.0 196.5

Eq Guinea 0.0 0.0 — 21.2 -100.0 14.7 14.8 -0.9

Algeria 31.3 0.0 — 30.2 3.6 11.9 26.2 -54.4

Libya 19.7 0.0 — 0.0 — 14.9 0.0 —

TOTAL 592.2 568.9 4.1 688.0 -13.9 611.4 497.3 22.9

CANADA 0.0 213.1 -100.0 17.2 -100.0 116.8 29.0 303.1

USA 419.1 159.6 162.6 239.7 74.8 336.5 227.4 48.0

TOTAL ALL 4197.0 3411.1 23.0 3952.3 6.2 4128.3 3986.4 3.6

NOTE: The total may not tally as numbers in tonnes have been rounded after converting them

into barrels per day using a conversion factor of 7.3 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 August but discharged in September. It

also includes some parcels that arrived in July and were discharged in August.

(Reporting by Nidhi Verma; Editing by Subhranshu Sahu)

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