Analysis – July 2011

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Domestic sales of refined petroleum products in July 2011 totalled 9.0 million cubic metres, 124.2 thousand cubic metres (+ 1.4%) higher than July 2010. Sales were up in nine of the refined petroleum products including diesel fuel and motor gasoline.

Motor gasoline sales totalled 4.0 million cubic metres slightly higher (+ 2.3%) than July 2010. Diesel fuel oil sales totalled 2.5 million cubic metres 149.3 thousand cubic metres (+ 6.4%) higher than a year earlier.

Refinery production in July 2011 totalled 9.1 million cubic metres, 1.4 million cubic metres (- 13.1%) lower than July 2010.

Deliveries of domestic crude oils to refineries totalled 4.4 million cubic metres, 783.6 thousand cubic metres (- 15.2%) below the same month a year earlier. Receipts of domestic crude oils were further offset by a decrease in imported crude of 1.3 million cubic meters (- 29.9%). Crude oil imports represented 40.3% of domestic refinery requirements.

Crude oil and refined petroleum product inventories held by refineries and major distributors closed July 2011 at 11.3 million cubic metres. Petroleum product inventories totaled 8.2 million cubic metres.