| Date: |
22-07-2015 |
| Subject: |
India's crude oil output down marginally at 3.1 million tonnes |
NEW DELHI: India's crude oil production slipped marginally, less than 1 per cent, to 3.1 million tonne in June as good showing by ONGC's offshore fields offset fall in output from onland fields.
India produced 3.101 MT of crude oil in June as compared to 3.121 MT a year ago, an official statement said here.
State-owned Oil and Natural Gas Corp (ONGC) produced at almost flat rate of 1.85 MT after an over 3 per cent rise in offshore production at 1.38 MT was offset by 7.5 per cent drop in production from onland fields.
During the April-June quarter of the current fiscal, India's crude oil production was 0.86 per cent down at 9.3 MT.
Natural gas output was down nearly 6 per cent at 2.72 billion cubic meters. ONGC reported a 5.5 per cent drop in production at 18 bcm and so did private firms like Reliance Industries with output dropping 11 per cent to 377.6 million cubic meters. This was offset by rise in coal-bed methane (CBM) output.
The nation's 22 refineries processed 7.5 per cent more crude oil at 19.48 million tonne in June as compared to 18.12 MT in the same period a year ago.
RIL's Jamnagar refinery in Gujarat processed 4.26 per cent more crude oil at 2.7 million tonnes while its neighbouring SEZ unit had a 2.47 per cent lower crude output at 3.02 MT.
Essar Oil, the nation's only other private refiner, also had 1 per cent lower crude output at 1.7 million tonnes.
Public sector refiners like Indian Oil Corp posted 11.36 per cent rise in crude output at 10.55 million tonnes.
RIL's twin refineries operated at a combined 116.66 per cent of the installed capacity while Essar Oil's Vadinar refinery in Gujarat operated at 103.1 per cent.
PSU refineries operated at 107.3 per cent of their capacity, the statement said.
Refineries produced 6.2 per cent more fuel at 18.87 million tonnes in June.
While RIL produced 1.5 per cent less fuel at 5.89 million tonnes, PSU refineries posted a smart 10.4 per cent rise in production of petroleum products at 9.95 MT.
Source : economictimes.indiatimes.com
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