India Nayara Energy’s oil imports from Iran up 32 pct y/y in April – trade

Reuters – Iran’s key Indian client Nayara Energy, formerly known as Essar Oil, imported nearly 12 percent more oil from Tehran in April compared with a year ago, according to data from the shipping industry and sources.

Nayar shipped in about 175,000 barrels per day (bpd) of oil from Iran in April, an increase of 32 percent from March, the data showed. The sources declined to be identified as they were not authorised to speak with media.

Following are details of Nayara’s crude and condensate imports. Volumes are in
1,000 bpd.

Region/Country April March Pct Chg April Pct Chg Jan-Apr. Jan-Apr %chg
2018 2018 mth/mth 2017 yr/yr 2018 2017 yr/yr
Latin America
Brazil 32.5 0.0 — 0.0 — 16.8 7.1 137.0
Mexico 0.0 0.0 — 71.1 -100.0 35.3 85.4 -58.7
Venezuela 65.5 68.3 -4.1 69.0 -5.1 50.4 88.3 -42.9
TOTAL 98.0 68.3 43.5 140.1 -30.1 102.6 180.8 -43.3

Middle East
Oman 51.9 31.7 63.9 0.0 — 45.8 0.0 —
Iran 174.9 132.5 32.0 156.6 11.7 182.8 150.7 21.3
Iraq 35.0 67.0 -47.8 36.2 -3.4 34.7 18.2 90.7
TOTAL 261.7 231.2 13.2 192.8 35.8 263.3 168.9 55.9

Africa
Angola 0.0 30.5 -100.0 0.0 — 7.9 0.0 —
Chad 0.0 0.0 — 32.6 -100.0 0.0 8.2 -100.0
Egypt 16.0 0.0 — 18.3 -12.5 8.4 4.6 83.9
TOTAL 16.0 30.5 -47.5 50.9 -68.6 16.3 12.7 27.8

TOTAL ALL 375.7 329.9 13.9 383.8 -2.1 382.1 362.4 5.4
NOTE: The total may not tally as numbers in tonnes have been rounded off after
converting them into barrels per day using a conversion factor of 7.2 barrels in a
tonne divided by the number of days.
Numbers for previous months have been revised.
Data also includes some crude parcels that arrived in March, but discharged in
April. It also includes some parcels that arrived in April and were discharged in
May.

(Reporting by Nidhi Verma; Editing by Vyas Mohan)