OIL DATA: India July Crude Imports up 0.75% on Year at 13.85 Million Tons
08/23/2012| 07:58am US/Eastern
Recommend:
By Rakesh Sharma
NEW DELHI--India's July crude-oil imports rose 0.75% from a year earlier to 13.85 million metric tons, or 3.28 million barrels a day, preliminary government data showed Thursday.
In July 2011, India imported 13.75 million tons, or 3.25 million barrels a day.
Last month, India imported 1.43 million tons of oil products, up 8.8% from 1.31 million tons a year earlier, data from the Petroleum Planning & Analysis Cell showed.
Exports of refined fuel products declined 3.7% to 5.04 million tons from 5.23 million tons.
PPAC, which is the data analysis wing of the oil ministry, didn't give any reasons for the changes.
It said the data didn't include imports by Hindustan Petroleum Corp. (500104.BY) and Mittal Energy Investment Pte Ltd.'s 180,000-barrel-a-day refinery in the northern state of Punjab.
Also, crude imports by Reliance Industries Ltd.'s (500325.BY) second refinery in Jamnagar in the western state of Gujarat, which processes 580,000 barrels a day, are only estimates as the refinery reports numbers with a lag.
India imports more than three-fourths of its crude needs but is a net exporter of fuel products.
Write to Rakesh Sharma at rakesh.sharma@dowjones.com
Recommend :
