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India to rely on imported coking coal for next decade at least: Coaltrans speakers

India’s steel industry is expected to depend heavily on imported coking coal for the next decade at least on the back of new infrastructure projects and due to its stunted domestic production, speakers at the Coaltrans India conference in Goa said this week. “The Indian steel industry will continue to depend on imported coking coal at least for the next 10 years,” said Prakash Thakur, senior manager at Essar Steel Limited. The demand for coking coal, a major raw material in steel making, is expected to rise with the India’s ...

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India: Coal import rises by 12 per cent to 18 million tonnes in January

The country’s coal import increased by 12.4 per cent to 18.49 million tonnes (MT) in January, against 16. 44 MT in the same month of the previous fiscal, according to m-junction, a leading name in the e-auction space. On a month-on-month basis, however, there was a flat growth in non-coking coal, it said, adding the “met coal imports were up both on a yearly and monthly basis, thanks to the downtrend in January prices and the recent growth spurt in the Indian steel sector.” “The higher volume of coal and ...

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Poland’s coal imports from U.S. rose five-fold in 2017

Poland’s coal imports from the United States jumped five-fold last year to 839,000 tonnes due to shortages on the domestic market, data from the state-run ARP agency, which monitors the Polish coal market, showed. Poland, which generates most of its electricity from coal, faced coal shortages last year mostly because mining giant PGG failed to meet its original output targets. That is why state-run coal trader Weglokoks, which mostly exports coal, has received two imported cargoes from the United States since November and is awaiting one more, a source familiar ...

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OMAN DATA: January crude oil exports edge up 2% to 808,535 b/d

Oman’s crude oil exports edged up 1.9% to 808,535 b/d in January, compared to 793,483 b/d in December, the ministry of oil and gas said Sunday. The exports of Oman crude totaled 25.065 million barrels, the ministry said in a statement, all to only three destinations — China, India and Taiwan. January crude and condensate production totaled 29,978,550 barrels, or 967,050 b/d, the ministry added. This is up 0.01% from 966,952 b/d in December. Shipments to China, Oman’s biggest customer, rose by 26.55% compared to December, bringing its share to ...

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India to Increase Oil Imports From Iran

In April through January, the first 10 months of this fiscal year, India imported about 17% less Iranian oil at about 442,800 bpd. Supplies from Iran were down as state refiners, which account for about two-third of India’s nearly 5 million barrels per day demand, curbed imports in protest at Tehran’s move to grant development rights for the giant Farzad B Gas Field to others, Reuters reported. “We have got good incentives compared to other major producers. We will get benefit if we buy from Iran … We will boost ...

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Iran in Talks With Russia to Import Wheat to Ship as Flour

Iran is holding talks to import 1 million tons of wheat from Russia to export as flour to neighbors Iraq and Afghanistan, Iran Food Confederation Secretary General Kaveh Zargaran said. Iranian flour millers are operating at 50 percent of capacity and are seeking the wheat to boost sales, Zargaran said Saturday in an interview in Dubai. Officials from the Iran Food Confederation and Iran millers met with the Russian agriculture ministry in Moscow last week to discuss the trade, he said. Iran is already one of the biggest suppliers of ...

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Indonesia hands Freeport, Amman, quota for 2018 copper exports

Indonesia issued the local unit of copper miner Freeport McMoRan Inc with a quota to export 1,247,866 wet metric tonnes (wmt) of copper concentrate up to Feb 15, 2019, a mining ministry official said on Monday. Medco Energi Internasional unit Amman Mineral Nusa Tenggara was also issued with a quota to export 450,826 wmt of copper concentrate over same period, Minerals Director Bambang Susigit told Reuters by text message. Source: Reuters (Reporting by Wilda Asmarini; Writing by Fergus Jensen; Editing by Sunil Nair)

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Egypt to import 3 LNG cargoes from France’s Engie for Q2 2018 -sources

Egyptian Natural Gas Holding Company (EGAS) has arranged for the delivery of three liquefied natural gas (LNG) cargoes from France’s Engie in the second quarter of 2018, EGAS sources said on Sunday. Trade sources told Reuters last month that Egypt was looking to import five cargoes of LNG at competitive pricing. Two trade sources said the purchases were arranged through bilateral deals and not via a standard tender process. Egypt plans to stop importing LNG by the end of the 2017/18 fiscal year ending in June as it speeds up ...

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Mangalore Refinery and Petrochemicals Limited receives first parcel of US crude

State’s only refiner – Mangalore Refinery and Petrochemicals Limited (MRPL) received its first cargo of US crude. The crude tanker MT Maran Poseidon carrying 1 million barrels of Southern Green Canyon crude (1,41,000 MT) arrived at New Mangalore Port for unloading its cargo to MRPL tanks. H Kumar, managing director, MRPL said MRPL purchased its first cargo of Southern Green Canyon high Sulphur crude from USA for the first time, in order to diversify its crude sourcing. Source: TNN

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S.Korea’s January coal imports down 2.8 pct y/y

South Korea’s coal imports fell 2.8 percent to 11.7 million tonnes in January compared with a year ago, according to customs data released this week during the Lunar New Year holiday. Total coal imports are composed of steam coal for power generation and coking coal for steel production. Details of total imports in January are as follows: (in tonnes/in $/T) January 2018 January 2017 Australia 3,987,470/ $130.08 3,519,996/ $128.97 Indonesia 3,137,163/ $ 67.02 3,472,560/ $ 58.54 Russia 1,705,279/ $113.06 1,706,388/ $102.19 Canada 1,069,639/ $133.55 1,028,841/ $159.31 S.Africa 591,792/ $ 99.30 ...

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India Essar’s Iran Jan oil imports up 52 pct from Dec -trade

Essar Oil, a key Indian client for Tehran, imported nearly 52 percent more oil from Iran in January than the previous month, according to tanker arrival data from trade sources and ship-tracking services on the Thomson Reuters Eikon terminal. Essar shipped in about 204,500 barrels per day (bpd) of oil from Iran in January, compared with about 135,000 bpd in December, the data showed. Following are details of Essar’s crude and condensate imports. Volumes are in 1,000 bpd. Region/ Jan Dec Pct Chg Jan 2017 Pct Chg Country 2018 2017 ...

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Russia’s grain export close to record-breaking 50 mln tonnes – expert

Russian grain exports are close to record-breaking 50 mln tonnes, director of SovEcon analytical center Andrei Sizov said on Friday. “Russia can for the first time become the world’s second [after the US – TASS] in grain exports,” Sizov said. Russia ceded the status of the global export leader in wheat exports to the United States last year but the Agriculture Ministry expects that Russia will regain this status as at the end of this agricultural year [July 2017 – June 2018]. According to expert’s data, Russia exported 48 mln ...

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India Reliance’s Jan oil imports up 19 pct vs Dec- trade

India’s Reliance Industries, owner of the world’s biggest refining complex, imported about 19.2 percent more oil in January than the previous month, according to tanker arrival data obtained from trade sources and ship-tracking services on the Thomson Reuters Eikon terminal. It shipped in about 33 percent from Latin America in January compared with about 27 percent in December while the share of Middle Eastern grades in its overall purchases rose to 57 percent from about 52 percent. African grades’ share in the overall purchases dropped to 6.5 percent in January ...

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Iran eyeing Iraqi flour market via Russia wheat deal

Iran is negotiating a wheat import deal with Russia that would allow it to increase flour exports to neighbouring Iraq, the secretary general of the Iran Federation of Food Industry Associations told Reuters on Saturday. The deal would involve importing around 100,000 tonnes of Russian wheat per month for private millers who would then produce flour for export. Kaveh Zargaran said talks were ongoing and he expected the deal to be finalised in a couple of months. “Last week we were in Moscow to negotiate about it and after we ...

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Nigeria Buys Spot Gasoline Cargoes to Stem Two-Month Fuel Shortage

Nigeria is buying 100 million liters of gasoline from the spot market daily to end a two-month long fuel shortage that the state-owned oil company describes as dire. The shortfall is a “force majeure situation,” which requires the purchases, equivalent to about 625,000 barrels of gasoline a day, Ndu Ughamadu, a spokesman for the Nigeria National Petroleum Corp., said in an interview Thursday. NNPC is taking the action to “increase supply and replenish strategic reserves,” and companies participating in a fuel swap program may get extra volumes of crude, he ...

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