India Imports of Crude Oil and Petroleum Gas Increased in 2017

11 May 2018
India Imports of Crude Oil

Despite Prime Minister Narendra Modi assured to reduce imports of crude oil and gas in 2015, while speaking at the global hydrocarbon meet ‘Urja Sangam’; imports of these are still rising. He also set a target for the stakeholders to reduce the country’s import dependence for oil from current 77% to 67% by 2022 and 50% by 2030 by boosting domestic market. As per official data released by the Petroleum Planning and Analysis Cell (PPAC), India’s oil imports were 78.3% in 2015, at the time when Narendra Modi announced a roadmap to cut import dependence on oil; this figure rose to 80.6% in 2016, 81.7% in 2017 and it further likely to jump around 82.8% in 2018. Let’s analyse India’s import market of petroleum products.


What is Base Oil?


Base oil is used to manufacture products including motor oil, lubricating greases and metal processing fluids. It is produced by means of refining crude oil. This means, crude oil is heated in such a way that various distillates can be separated from one another. During the heating process, light and heavy hydrocarbons are separated. The light hydrocarbons can be refined to make petrol and other fuels, while the heavier ones are suitable for bitumen and base oils.  


Production of Petroleum Products in India


According to PPAC, India produced 32,642 million tonne crude oil in the eleven months between April 2017 and March 2018, which registered about 1% decline from the last fiscal (April-Feb 2016-17). This figure is seven year low, as per government statistics. Both public and private players in hydrocarbon production – their relative share in crude oil production declined to 28.2% in 2018 from 2017’s 29.2%. Recently, Reliance Industries has announced investments of INR 40,000 crore in the Krishna-Godavari finds, which is likely to add 30-35 million cubic metres a day in gas production between 2020 and 2022.


Export Genius report on oil and gas industry shows that India produced 36.01 MTs of crude petroleum oil in 2016, which accounted about 1% of world oil products in this year. The country produced 243.55 MTs of petroleum products, which recorded 5.02% growth in the previous year. Among petroleum products, high speed diesel oil accounted for 42.08%, followed by motor gasoline of 15.02%. India also produces natural gas, which accounted to 31.90 billion cubic meters in 2016. The country accounted for about 1% of world natural gas production in this year.


This market research agency is a reliable import-export data provider, which analyse the global market from shipment records received from customs and other valid sources. It provides shipment data of more than 60 countries and research-based market reports of over 20 countries. The data includes HS Code, product description, value, quantity, importer & exporter details, etc. Check buyer & supplier information of India or any other country and of any product @ the company’s Search Live Data page. Find crude oil buyers in India in few easy clicks.  


India Imports of Crude Oil in Last 5 Years


India crude oil imports increased 25% to USD 82 billion in 2017. The share of OPEC countries in India’s crude oil imports dipped to 82.6% in the given year as compared to 87.3% in the corresponding previous year. According to India crude oil import data, import volumes rose from Non-OPEC nations including Sudan, Kazakhstan, Russia, Canada, US, Brazil and Mexico.


India Imports crude oil


Year

Value (USD Billion)

2013

148

2014

135

2015

72

2016

60

2017

82


 

India Imports of Petroleum Gas in Last 5 Years


Imports of petroleum gas in India increased from USD 9 billion in 2016 to USD 13 billion in 2017. After registering a decline in the value in 2015 and 2016, the year 2017 recorded a rise in the total imports of petroleum gas. Let’s have a look at India’s imports of petroleum gas in the last 5 years.


India Imports Petroleum Gas


Year

Value (USD Billion)

2013

14

2014

17

2015

11

2016

9

2017

13


 

5 Largest Supplier Countries of Crude Oil and Gas to India in 2017


India purchased crude petroleum oil maximum from Iraq, which accounted USD 15 billion in 2017, while the country purchased petroleum gas largely from Qatar, which accounted to USD 5 billion in this year. Here is the list of top 5 countries that supplies crude oil and petroleum gas the most to India in 2017.


Supplier Countries of Crude Oil and Gas



List of Countries Exporting Crude Oil to India

Value USD Billion

List of Countries Exporting Petroleum Gas to India

Value USD Billion

Iraq

15

Qatar

5

Saudi Arabia

14

Saudi Arabia

1.9

Iran

9

UAE

1.3

Nigeria

7

Nigeria

0.9

UAE

6

Australia

0.7


 

About Petroleum Planning and Analysis Cell (PPAC)


Petroleum Planning and Analysis Cell (PPAC) was established on 1st April 2002, after abolishing Oil Coordination Committee (OCC). It is located at New Delhi, India. The mission of PPAC is to strengthen the existing data system, to effectively assist the Ministry of Petroleum & Natural Gas, to monitor & analyse developments in the domestic oil & gas industry and to undertake analysis of domestic & global energy markets.


The main objectives of PPAC is to ensure efficient administration schemes notified by the government, to monitor & analyse trends in prices of crude oil, petroleum products and natural gas, to check developments in the domestic market, to collect, compile & disseminate data on the domestic oil & gas sector, to ensure quality of data on certain parameters including accuracy, completeness and timeliness and to prepare periodic reports on various aspects of oil and gas industry.


According to economic experts, government doesn’t have any quick fix to the issue of high import dependence for hydrocarbons. Domestic production of both oil and gas needs to be augmented with appropriate policy interventions.


So, if you want India’s shipment records of crude oil and petroleum gas, you can buy complete crude oil import data of India and petroleum gas import data of India from Export Genius. Look at the two samples below to know which columns, the company provides in the data.



Sample 1 – India Imports Crude Oil


HS Code

27092000

Product Description

Basrah Crude Oil in Bulk

Foreign Country

Iraq

Quantity

138984.677

Unit

MTS

Unit Value (USD)

361.35

Date, Importer Name & Supplier Name with Contact Details, Port, etc.

***Available on Purchase Only

 


Sample 2 – India Imports Petroleum Gas


HS Code

27111900

Product Description

LPG Mix (Under PDS Scheme)

Foreign Country

United Arab Emirates

Quantity

9000

Unit

MTS

Unit Value (USD)

627.55

Date, Importer Name & Supplier Name with Contact Details, Port, etc.

***Available on Purchase Only

 

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