Coal News We love to talk!

APR 25 2017

OIL crude production up 9.06%, ONGC up 3.32%

  • Economic Times, ET Bureau / Hyderabad
  • Created: Tue 25th APR 2017

India’s monthly crude oil and natural gas production saw a spurt in March against the same month last year. While crude oil production was up 0.94 per cent higher against March 2016, natural gas output was 8.29 per cent higher when compared with the same month last year.

The increase in crude oil production was due to higher output from public sector undertaking, Oil India whose crude oil production was up 9.06 per cent, ONGC showed a 3.32 per cent growth in March 2017 versus March 2016.

The country's natural gas production was driven by ONGC whose 1972.33 MMSCM production was 20.06 per cent higher than the production in March 2016.

The domestic refiners turned 0.33 per cent less crude into products during the month under review as against the same month last year. This was due to lower production in joint venture and private refineries during March 2017.

Joint venture refineries processed 14.42 per cent less during the month against March 2016. Production in private refineries during March 2017 was 0.4 per cent lower when compared with March 2016. However, public sector refiners processed 1.57 per cent more crude oil into products during the month versus corresponding month of last year.

Utilisation of installed capacity at refineries stood at 109.07 per cent for March 2017, comparably, this was at 117.39 per cent in March 2016. Production of petroleum products during March 2017 was also 2.04 per cent higher than the production in March 2016.



Gas Natural Gas Oil ONGC Petroleum Products Joint Venture Petroleum Crude Oil India ongc

Related News

  • Sitac Management and Development to acquire projects to increase capacity to 1,000 MW  Read more
  • India to bid for Israel oil-and-gas exploration blocks: Dharmendra Pradhan  Read more
  • Top bureaucrats in fray for chairman post in Oil India  Read more
  • Hefty fuel price cut in near future but government may wait to free up diesel  Read more
  • Oil ministry agrees to switch to ad-valorem cess on oil production  Read more
  • Chevron's Gorgon LNG resumes production after brief outage  Read more
  • Piped LPG supply to Hubballi-Dharwad kitchens in 2-3 years  Read more
  • Low cost solar imports from China hurting Centres Make in India mission  Read more
  • Venezuela to clear OVL dues in instalments  Read more
  • State asked to file reply on ONGCs shale gas project  Read more