According to data from the shipping industry and sources, in September, India’s Nayara Energy Ltd. halved its oil imports from August’s level ahead of a maintenance shutdown at its 400,000 bpd Vadinar refinery starting early October.
Last month, Nayara cut imports by 20% year-on-year to 187,100 bpd.
In the first three quarters of this year, the refiner’s total imports slumped by 13.4% year-on-year to about 325,500 bpd. It has been cutting crude processing rates on the back of the crash in fuel demand.
Nayara slashed the purchases from several countries, such as Colombia, Iraq, Qatar, the UAE, and the US. The refiner strengthened purchases instead from Egypt, while also started buying from Brazil and Kuwait.
The data also included some crude cargoes arrived in Augusts but discharged in the next month, also some parcels arrived in September and were discharged this month.
