Reliance Industries Ltd.

Reliance Industries’ import of oil in June has declined nearly 9.5% on year-on-year (y-o-y) basis. Though, the company has bought about 1.20 million barrels per day (bpd) of oil in June, an increase of about 2.7 per cent from May. Meanwhile, the company, in first six months of 2013, has shipped in about 1.21 million bpd of oil, a 4.1% decline from a year ago period. Further, the company, in Jan-June 2013, has purchased about 46% of its oil needs from Latin America, with Venezuela maintaining its position as top crude supplier, which it has held since May 2012, followed by Saudi Arabia.

The company’s two advanced refineries in western Gujarat state can together process 1.2 million bpd of oil, about 28% of India’s overall capacity. Reliance’s imports from outside the Middle East included Merey and Leona from Venezuela, Perigrino from Brazil, Maya from Mexico, Castilla from Colombia, Lokele from Cameroon and Ras Gharib from Egypt.