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India’s crude oil production slips 3.22% to 2,976.41 TMT in January

22 Feb 2018 Evaluate

The production of crude oil during January, 2018 stood at 2,976.41 TMT which is 5.88% lower than target and 3.22% lower when compared with January 2017. The cumulative crude oil production during April-January, 2017-18 was 29,910.80 TMT which is 4.48% lower than target for the period and 0.7% lower than production during corresponding period of last year.

The production of natural gas during January, 2018 was 2,695.08 MMSCM which is 11.55% lower than the target for the month and 1.59% lower when compared with January, 2017. The cumulative natural gas production during April-January, 2017-18 was 27,382.63 MMSCM which is 6.13% lower than target for the period but 2.85% higher than the production during corresponding period of last year.

Further, refinery production during January, 2018 was 22,769.79 TMT which is 3.89% higher than the target for the month and 7.87% higher when compared with January, 2017. The cumulative production during April-January, 2017-18 was 2,10,733.65 TMT which is 3.35% higher than the target for the period and 2.80% higher than the production during corresponding period of last year.