Indian private refiner Essar Oil’s imports from Iran fell by about 27 percent in October from a year ago to about 183,000 barrels per day as the company diversifies its crude purchases, according to tanker arrival data obtained from trade sources and ship-tracking services on the Thomson Reuters terminal.
Russian oil major Rosneft and its partners, including global trader Trafigura and Russian fund UCP, in August closed a deal to acquire a 98.3 percent stake in Essar Oil for $12.9 billion, giving the consortium a foothold in Asia and securing a new outlet for its oil.
Essar oil’s imports from Iran in October were about 88 percent higher than the previous month, the data showed. During January to October, the refiner received about 20 percent less oil from Iran at about 140,000 bpd, the data showed. Following are details of the private refiner’s crude and condensate imports.
Region/Count Oct-17 Sep-17 %Chg Oct-17 %Chg Jan-Oct Jan-Oct %Chg ry mth/mth yr/yr 2017 2016 yr/yr Brazil 0.0 0.0 -- 0.0 -- 6.0 0.0 -- Mexico 69.1 0.0 -- 68.4 1.0 47.8 14.1 239.5 Venezuela 63.5 68.6 -7.5 140.2 -54.8 92.3 157.3 -41.3 TOTAL 132.6 68.6 93.2 208.7 -36.5 146.0 171.4 -14.8 Middle East Oman 48.2 33.2 45.2 0.0 -- 11.5 0.0 -- Iran 182.8 97.2 88.1 250.2 -26.9 139.9 174.6 -19.9 Iraq 35.0 72.5 -51.7 0.0 -- 35.5 13.6 160.6 Qatar 14.0 0.0 -- 0.0 -- 1.4 0.0 -- S Arabia 0.0 0.0 -- 0.0 -- 0.0 2.3 -100.0 U.A.E. 0.0 32.5 -100.0 0.0 -- 3.2 3.3 -2.2 TOTAL 279.9 235.4 18.9 250.2 11.9 191.5 193.8 -1.2 C.I.S. Kazakhstan 0.0 0.0 0.0 0.0 -- 3.2 0.0 -- TOTAL 0.0 0.0 00 0.0 -- 3.2 0.0 -- Africa Chad 0.0 32.5 -100.0 0.0 -- 9.6 0.0 -- Egypt 35.2 36.5 -3.6 0.0 -- 18.0 1.8 901.7 TOTAL 35.2 69.0 -49.0 0.0 -- 27.6 1.8 1438.0 TOTAL ALL 447.7 373.0 20.0 458.9 -2.4 368.4 367.0 0.4
Source: Reuters
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