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India’s crude oil production slips 0.6% to 2.93 MT in April

24 May 2017 Evaluate

The production of crude oil fell by 0.6% and stood at 2.93 million tonnes (MT) in April after Cairn India shut some 70-odd wells at its biggest oil field in prolific Rajasthan block. As per data compiled by Petroleum Ministry, the production of crude oil stood at 2.95 MT in the same month last year.

The production of natural gas during April, 2017 was 2532.73 million standard cubic meters (MMSCM) which is 9.19% lower than the target for the month but 1.80% higher when compared with April, 2016. Natural gas production by ONGC during April, 2017 was 1790.07 MMSCM which is 5.74% lower than the monthly target but 9.76% higher when compared with April, 2016. Shortfall in production was mainly due to shutdown of BPA Process Platform.

Further, refinery production during April, 2017 was 20013.86 TMT which is 0.22% higher than the target for the month but 0.70% lower when compared with April, 2016.