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News Brief | June 2016

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
Website: www.ril.com

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