Friday, August 12

Russia 3rd biggest oil supplier to India in June quarter – trade data


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NEW DELHI — Russia replaced the United Arab Emirates as the third biggest oil supplier to

India in the June quarter, accounting for about 14.1% of India’s overall 4.8 million barrels per day (bpd) of crude

oil imports, according to data from trade sources.

Last year in April-June, the first quarter of India’s financial year, Russia’s share was about 0.5% of overall

imports, the data showed.

Iraq continued to be the top oil supplier to India, followed by Saudi Arabia, the data showed.

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Indian refiners have been snapping up Russian oil, sold at discounted rates after some Western countries and

companies shunned purchases from Moscow over its invasion of Ukraine.

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

Region/Country June May %chg June %chg Jan-June Jan-June %chg Apr-Jun Apr-Jun %Chg

2022 2022 mth/mth 2021 yr/yr 2022 2021 yr/yr 2022 2021 yr/yr

Latin America

Brazil 63.9 0.0 — 138.3 -53.8 45.1 96.3 -53.1 32.6 146.3 -77.7

Colombia 0.0 70.9 -100.0 70.7 -100.0 66.7 65.0 2.7 47.7 34.9 36.7

Ecuador 32.6 34.9 -6.4 34.5 -5.5 21.3 11.8 80.5 31.0 23.5 31.9

Mexico 35.2 101.2 -65.2 104.2 -66.2 80.7 155.9 -48.2 92.7 138.3 -33.0

Guyana 0.0 0.0 — 0.0 — 0.0 5.5 -100.0 0.0 11.0 -100.0

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TOTAL 131.7 207.0 -36.4 347.7 -62.1 213.9 334.5 -36.0 204.0 353.9 -42.4

Asia

Brunei 5.2 0.0 — 0.0 — 4.0 20.6 -80.4 1.7 13.0 -86.9

Malaysia 46.3 0.0 — 45.0 2.9 32.6 36.9 -11.8 22.9 28.1 -18.4

Indonesia 0.0 0.0 — 19.1 -100.0 1.7 17.5 -90.4 0.0 12.6 -100.0

Australia 0.0 0.0 — 0.0 — 0.0 3.1 -100.0 0.0 0.0 —

TOTAL 51.5 0.0 — 64.1 -19.7 38.3 78.2 -51.0 24.6 53.6 -54.1

Middle East

Neutral zone 94.6 88.8 6.6 42.7 121.5 87.4 53.1 64.4 78.4 52.7 48.9

Oman 151.2 146.4 3.3 119.4 26.7 158.0 115.3 37.0 144.9 105.5 37.4

Iran 0.0 0.0 — 0.0 — 0.0 0.0 — 0.0 0.0 —

Iraq 1050.7 1174.0 -10.5 955.8 9.9 1189.9 1052.0 13.1 1146.3 1036.2 10.6

Qatar 49.4 64.6 -23.6 33.3 48.2 63.1 27.3 131.0 82.3 33.0 149.4

Kuwait 255.3 162.4 57.2 121.9 109.4 202.9 221.2 -8.3 177.2 242.6 -26.9

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S. Arabia 656.4 759.2 -13.5 517.8 26.8 814.9 585.9 39.1 752.7 572.7 31.4

UAE 448.1 557.2 -19.6 498.8 -10.2 551.0 451.6 22.0 618.1 414.6 49.1

Dubai 0.0 0.0 — 16.6 -100.0 2.7 8.2 -66.7 0.0 5.5 -100.0

Yemen 0.0 0.0 — 0.0 — 6.1 0.0 — 0.0 0.0 —

TOTAL 2705.7 2952.7 -8.4 2306.2 17.3 3075.9 2514.7 22.3 2999.9 2462.7 21.8

Europe

North sea 0.0 0.0 — 104.5 -100.0 26.6 62.2 -57.3 0.0 103.1 -100.0

TOTAL 0.0 0.0 — 104.5 -100.0 26.6 62.2 -57.3 0.0 103.1 -100.0

CIS

Azerbaijan 33.8 98.0 -65.5 0.0 — 49.6 22.2 124.0 87.7 0.0 —

Kazakhstan 150.6 93.2 61.5 96.9 55.3 78.5 90.2 -12.9 114.0 96.3 18.4

Russia 946.1 818.8 15.5 34.1 2673.2 354.3 42.5 732.9 682.2 22.5 2937.8

TOTAL 1130.5 1010.0 11.9 131.1 762.5 482.4 154.9 211.5 883.9 118.7 644.6

Africa

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Nigeria 206.0 275.0 -25.1 275.6 -25.3 231.0 353.7 -34.7 202.8 301.2 -32.6

Angola 99.4 123.3 -19.4 117.7 -15.5 91.4 94.9 -3.7 74.8 102.2 -26.8

Ivory coast 0.0 0.0 — 0.0 — 5.9 5.8 2.4 0.0 0.0 —

Cameroon 34.3 33.3 3.1 34.1 0.5 22.2 16.2 37.1 22.7 22.1 2.7

Congo 33.1 0.0 — 0.0 — 37.3 5.0 640.6 21.8 10.0 117.7

Chad 0.0 0.0 — 0.0 — 0.0 0.0 — 0.0 0.0 —

Egypt 48.8 47.2 3.4 89.3 -45.4 52.2 55.3 -5.7 48.8 65.9 -26.0

Gabon 0.0 31.0 -100.0 0.0 — 16.0 21.0 -23.7 10.6 41.7 -74.7

Ghana 0.0 0.0 — 0.0 — 0.0 10.4 -100.0 0.0 20.7 -100.0

Sudan 0.0 0.0 — 0.0 — 0.0 12.4 -100.0 0.0 0.0 —

Eq Guinea 35.5 0.0 — 21.9 61.9 20.9 19.7 5.6 23.4 24.5 -4.2

Algeria 32.5 31.2 3.9 0.0 — 26.7 10.7 150.2 31.8 10.6 200.2

Libya 0.0 32.6 -100.0 34.0 -100.0 5.6 16.7 -66.6 11.1 22.0 -49.5

TOTAL 489.6 573.6 -14.6 572.7 -14.5 509.3 622.0 -18.1 447.8 620.8 -27.9

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CANADA 141.0 139.6 0.9 146.7 -3.9 155.2 120.3 29.0 129.6 143.5 -9.7

USA 137.2 95.2 44.2 224.9 -39.0 215.3 352.6 -38.9 126.5 247.8 -49.0

Miscellaneous 0.0 0.0 — 0.0 — 12.2 0.0 — 12.1 0.0 —

TOTAL ALL 4787.1 4978.1 -3.8 3897.9 22.8 4729.1 4239.4 11.6 4828.5 4104.2 17.6

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 June, but discharged this month. It also includes some parcels

that arrived in May and were discharged in June.

(Reporting by Nidhi Verma

Editing by David Evans and Mark Potter)

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