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India’s Oil Refinery Runs Beat Target But Down 9% in Jan

OIL PRODUCTS

Oil refiners in India processed 22.6m mt of crude in January, down 0.9% on the previous year, based on preliminary data from the federal oil ministry.

  • However, this exceeded a government set target of 22.4m mt.
  • Statistics for Jan (% change y/y):
  • Indian oil throughput: 6.1m mt (-6.2%)
  • Bharat Petroleum: 3.5m mt (-2.8%)
  • Hindustan Petroleum: 2.9m mt (+3.6%)
  • Reliance Industries: 5.6m mt (+5.7%)
  • Nayara Energy: 1.7m mt (-)
  • Crude Imports: 21.4m mt (+5.9%)
  • Refined product exports: 4.8m mt (5.3%)
  • Refined product imports: 4m (5.3%)
  • Gas Consumption: 5.5 Bcm (14.6%)
  • LNG Imports: 2.4 Bcm (+26.2%)
  • Local gas production 3.08 Bcm (+5.9%)

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