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India’s oil imports up 6.9% in April from March – sources

Wednesday, 18 May 2022 | 00:00

India’s oil imports in April rose 6.9% from the previous month as refiners were tempted to buy cheaper Russian oil, shunned by some European companies and countries, while continuing to lift committed volumes under term deals with the middle eastern producers, data obtained from sources showed.

Refiners shipped in 4.7 million barrels per day (bpd) oil in April, a growth of 11.6% over last year when fuel demand collapsed due to deadly second wave of COVID-19, the data showed.

The following table shows India’s imports by country. The imports include condensate. Volumes are in ‘000 bpd.

Region/Countr April March %chg April %chg Jan-Apr Jan-Apr %chg y 2022 2022 mth/mth 2021 yr/yr 2022 2021 yr/yr

Latin America
Brazil 35.1 65.1 -46.1 135.9 -74.2 52.1 68.2 -23.6
Colombia 71.4 35.6 100.4 35.1 103.6 82.3 80.4 2.5
Ecuador 25.4 33.5 -24.2 0.0 — 15.0 0.0 —
Mexico 141.5 0.0 — 104.6 35.3 86.8 156.4 -44.5
Guyana 0.0 0.0 — 33.3 -100.0 0.0 8.3 -100.0
TOTAL 273.4 134.2 103.6 308.9 -11.5 236.3 313.3 -24.6

Asia
Brunei 0.0 0.0 — 0.0 — 4.8 21.3 -77.4
Malaysia 23.2 59.3 -60.9 21.5 7.8 37.6 39.8 -5.6
Indonesia 0.0 0.0 — 0.0 — 2.5 16.9 -85.0
Australia 0.0 0.0 — 0.0 — 0.0 4.7 -100.0
TOTAL 23.2 59.3 -60.9 21.5 7.8 44.9 82.7 -45.7

Middle East
Neutral zone 51.5 76.0 -32.2 66.8 -22.9 85.2 56.9 49.7
Oman 137.0 292.7 -53.2 132.7 3.2 162.6 127.1 27.9
Iraq 1213.2 1177.3 3.0 1142.1 6.2 1228.8 1086.4 13.1
Qatar 133.5 64.8 106.1 33.6 297.3 66.2 24.6 169.0
Kuwait 114.4 218.7 -47.7 320.1 -64.3 200.2 229.8 -12.9
S. Arabia 842.2 867.5 -2.9 641.7 31.3 868.8 609.8 42.5
U.A.E. 851.1 317.7 167.9 529.3 60.8 575.1 499.1 15.2
Dubai 0.0 0.0 — 0.0 — 4.1 8.3 -50.0
Yemen 0.0 17.8 -100.0 0.0 — 9.2 0.0 —
TOTAL 3342.9 3002.0 11.4 2866.3 16.6 3200.3 2642.1 21.1

Europe
North sea 0.0 34.8 -100.0 0.0 — 40.1 15.6 157.0
TOTAL 0.0 34.8 -100.0 0.0 — 40.1 15.6 157.0

C.I.S.
Azerbaijan 131.1 0.0 — 0.0 — 41.1 33.4 23.0
Kazakhstan 98.9 62.6 58.0 65.7 50.5 56.7 79.5 -28.6
Russia 277.1 65.8 321.0 0.0 — 86.3 47.1 83.1
TOTAL 507.0 128.4 294.8 65.7 671.9 184.1 160.0 15.1

Africa
Nigeria 125.2 370.6 -66.2 288.2 -56.6 226.0 377.2 -40.1
Angola 0.0 31.3 -100.0 160.5 -100.0 81.2 105.8 -23.2
Ivory coast 0.0 34.5 -100.0 0.0 — 8.9 8.7 2.4
Cameroon 0.0 30.2 -100.0 0.0 — 16.3 7.7 111.3
Congo 33.1 123.2 -73.1 30.4 8.9 48.0 7.6 531.8
Egypt 50.4 47.4 6.4 53.7 -6.1 54.3 46.9 15.7
Gabon 0.0 0.0 — 63.1 -100.0 16.1 15.8 2.1
Ghana 0.0 0.0 — 62.9 -100.0 0.0 15.7 -100.0
Sudan 0.0 0.0 — 0.0 — 0.0 18.7 -100.0
Eq Guinea 35.6 0.0 — 30.4 17.1 22.6 18.8 20.0
Algeria 31.8 0.0 — 0.0 — 24.1 8.1 199.0
Libya 0.0 0.0 — 0.0 — 0.0 8.5 -100.0
TOTAL 276.1 637.2 -56.7 689.2 -59.9 497.6 639.6 -22.2

CANADA 107.9 103.3 4.5 36.4 196.6 162.8 81.8 99.0
USA 148.1 277.8 -46.7 235.9 -37.2 265.9 402.9 -34.0
Miscellaneous 36.7 35.5 3.3 0.0 — 18.3 0.0 —
TOTAL ALL 4715.3 4412.6 6.9 4223.9 11.6 4650.3 4338.0 7.2

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 April but discharged in May. It also include some parcels that arrived in March and were discharged in April.
Source: Reuters (Reporting by Nidhi Verma)

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