Reliance oil imports down 12per cent in April
Reliance Industries (RIL) shipped in 12 per cent less oil in April compared with the previous month ahead of planned maintenance shut-down of some units at its 580,000-barrel-per-day (bpd) plant in western India, according to data obtained from trade sources and ship-tracking services on the Thomson Reuters terminal. The company had bought 1.19 million bpd last month.
The share of Latin American and African oil in Reliance´s overall imports declined in the first four months of 2016, as the company has shifted sourcing from dated Brent-linked markets to the Middle East, the share of which rose to about 57 per cent in January-April from about 47 per cent a year ago.
Contact: Reliance India Limited