* Refinery processing up 1.3% year-on-year
* Natural gas output up 6.7% y-o-y
* Crude oil production fell 1.2% y-o-y
June 21 (Reuters) - Indian refiners processed nearly
1.3% more crude oil in May than a year earlier, provisional
government data published on Friday showed, while the share of
Russian supplies in imports to the world's third biggest oil
consumer increased.
Refinery throughput in May rose to 5.44 million barrels per
day (23.03 million tonnes), also up 6.5% month-on-month.
"With India buying larger quantities of Russian crude, some
of the refined products are exported to Europe, supporting
processing runs," UBS analyst Giovanni Staunovo said.
Rising Indian demand, supported by solid economic and
population growth, is also supporting runs, he added.
The share of Russian oil in India's oil imports in May rose
to 41%, tanker data showed, while imports rose 6.7% year-on-year
to 21.75 million metric tons, according to preliminary official
data.
India's fuel consumption in May totalled 20.49 million
metric tons (4.84 million barrels per day), higher that the
previous month's consumption of 19.86 million tons but slightly
below the 20.69 million tons seen in May 2023.
The month-on-month rise came as strong industrial activity
and general elections boosted fuel demand in Asia's
third-largest economy.
India's industrial output grew at a better-than-expected 5%
year-on-year in April, while the economy grew by 7.8% in the
first three months of this year.
Natural gas output jumped 6.7% year-on-year to 3.10 billion
cubic metres, while crude oil production fell 1.2% to 2.47
million tons, the data showed.
"Indian oil production is likely to see a modest uptick
near-term supported by new oil projects, but generally lack of
sufficient investments is likely to see Indian production
trending lower over the coming year," Staunovo added.
Hindustan Petroleum Corp plans to start up its
180,000 barrel per day Barmer refinery in India's desert state
of Rajasthan by end-December using mostly Middle East oil.
Following are details of refinery throughput and crude oil
output:
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000
tons):
May-24 May-24 May-23 April-May April-May
2024-25 2023-24
Plan Actual Actual Actual Actual
IOCL, Barauni 558 549 580 1,094 1,126
IOCL, Bongaigaon 75 60 258 305 508
IOCL, Digboi 62 65 64 130 108
IOCL, Gujarat 1,324 1,326 1,330 2,617 2,452
IOCL, Guwahati 112 111 96 220 190
IOCL, Haldia 745 690 720 1,346 1,426
IOCL, Mathura 875 840 834 1,699 1,670
IOCL, Panipat 1,364 1,269 1,263 2,552 2,515
IOCL, Paradip 1,376 1,155 1,272 2,249 2,459
BPCL, Bina 593 661 660 1,322 1,254
BPCL, Kochi 1,424 1,508 1,464 2,933 2,849
BPCL, Mumbai 1,309 1,284 1,332 2,642 2,591
HPCL, Mumbai 829 816 791 1,336 1,628
HPCL, Vaisakh 1,120 1,354 1,066 2,254 1,911
CPCL, Manali 992 1,033 941 1,900 1,861
NRL, Numaligarh 254 277 61 518 61
MRPL, Mangalore 1,500 1,593 1,494 2,905 2,963
ONGC, Tatipaka 3 6 6 11 13
HMEL, Bhatinda 1,009 1,111 1,101 2,193 2,174
RIL, Jamnagar 2,882 2,933 2,882 5,818 5,724
RIL, SEZ 2,765 2,657 2,765 5,174 5,279
Nayara, Vadinar 1,743 1,727 1,743 3,426 3,414
TOTAL 22,916 23,026 22,727 44,644 44,177
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp
BPCL: Bharat Petroleum Corp Ltd
HPCL: Hindustan Petroleum Corp Ltd
CPCL: Chennai Petroleum Corp Ltd
MRPL: Mangalore Refinery and Petrochemicals Ltd
Reliance Industries Ltd
Please note that CPCL's CBR refinery is de-commissioned under
shutdown due to limitation in meeting required product
specifications with the existing configuration.
CRUDE OUTPUT (in 1,000 tons):
May-2024 May-2024 May-2023
Plan Actual Actual
ONGC
Andhra Pradesh 20 18 17
Assam ^ 91 88 90
Gujarat 394 386 379
Tamil Nadu 20 18 18
Offshore # 1,124 1,091 1,154
OIL
Assam, Arunachal Pradesh & 306 294 278
Rajasthan (heavy oil)
Private Operators 618 576 567
Total 2,574 2,472 2,501
Total may not tally because some numbers have been rounded.
ONGC: Oil and Natural Gas Corp Ltd
OIL: Oil India Ltd
^Includes oil output of Tripura
#Includes oil output from Mumbai High
(Reporting by Daksh Grover in Bengaluru; Additional reporting
by Harshit Verma; Editing by Shailesh Kuber and Jan Harvey)