RIL Sept crude imports rise 4.5% MoMPublished on Wed, Nov 04, 2009 at 16:04 | Source : Reuters Updated at Wed, Nov 04, 2009 at 16:22
By Nidhi Verma Reliance imported about 1.279 million bpd crude in September, up from about 1.224 million bpd the month before and more than double the 574,000 bpd a year ago, the data showed. Compared to a year ago the refiner stepped up imports from Angola, Iran and the Neutral Zone in September, making up for reduced shipments from top oil produces Saudi Arabia, which fell by around a quarter to 180,000 bpd last month, the detailed breakdown of tanker arrivals shows. Last December, Reliance commissioned a new 580,000 bpd refinery next to its old 660,00 bpd plant at Gredes from the Neutral Zone - a region whose production belongs to both Saudi Arabia and Kuwait, and includes grades such as Khafji, Ratawi, Hout and Eocene - topped the list, rising by more than two-and-a-half times to 278,000 bpd. Supplies from Angola quadrupled from a year ago to 165,000 bpd in September, but were down by more than a quarter from August, with the West African nation emerging as the third biggest crude supplier followed by Iran. The refiner failed to import any oil from During September Reliance for the first time bought Chinese grade Penglai from ConocoPhillips. Although Supplies from Since the start-up of the new plant, Reliance has been continuously diversifying its crude slate, making several new and rare purchases, taking advantage of the complexity of its plants that allow it to improve margins by processing heavy grades. (Reporting by Nidhi Verma; Editing by Jonathan Leff)
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