Gulf Oil and Gas accountACCOUNT

India Oil Trade in April 2014

Source: OPEC 5/5/2014, Location: Asia

In February, Indian crude imports reached a record high to average 4.3 mb/d, which is 638 tb/d or 18% higher than levels seen one month ago. During the same month, Indian refinery runs increased by approximately 300 tb/d. On an annual basis, India’s crude imports increase equals 798 tb/d or 23%. At the same time, product imports saw an increase by 21 tb/d or 5% from one month ago to average 459 tb/d, the highest amount since December 2012. Y-o-y, this reflects a gain of 148 tb/d or 48%. The monthly increase in product imports came mainly as a result of an increase in imports of fuel oil and naphtha, which rose by 50% and 10%, respectively. India’s product exports increased in February by 226 tb/d or 19% from the previous month to average 1.4 mb/d, with a volume increase of 169 tb/d or 13% from a year earlier. Monthly exports of diesel, fuel oil, petrol and naphtha increased by 12%, 98%,11% and 8%, respectively, from the previous month. Consequentially, India’s net imports increased by 433 tb/d to average 3.32 mb/d, 15% higher than levels seen in January and 30% more than in February 2013.

Oil News in India >>

Azerbaijan >>  10/4/2019 - Saipem, in consortium with Boshelf LLC and STAR GULF FZCO, has recently been awarded three new contracts by BP for the development of the Azeri-Chirag...
Russia >>  9/30/2019 - As part of its exploration campaign, Rosneft Oil Company has successfully completed the drilling of the first prospecting and appraisal well at the Vo...

Russia >>  9/26/2019 - GTT has signed a contract with SAREN B.V. (Russian joint venture of Renaissance Heavy Industries Russia and Saipem) related to detailed design and con...
Kazakhstan >>  9/24/2019 - Alik Aidarbayev, Chairman of the Management Board at JSC NC “KazMunayGas” (“KMG”) met with Tore Loseth, Senior Vice President for Exploration at Equin...

Kazakhstan >>  9/20/2019 - President of PJSC LUKOIL Vagit Alekperov and Chairman of the Management Board of KazMunayGaz Alik Aidarbayev have signed today in Almaty (Kazakhstan) ...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 

India Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.