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

  • BHAVINI responsible for delay in commissioning of fast breeder reactor: CAG report  Read more
  • Renewable energy companies gear up for big-ticket fundraising with IPOs  Read more
  • India in a sweet spot as LNG prices crash in Asia  Read more
  • RILs KG basin compensation bill could be over $1.3 billion  Read more
  • Oil firms overlook safety issues in Arctic —watchdog  Read more
  • Oil and Natural Gas Corporation plans to bring smaller fracking companies in Texas to India  Read more
  • OVL completes acquisition of 11% additional stake in Vankor  Read more
  • EESL to float tender for 10,000 additional electric vehicles  Read more
  • SunEdison in talks to sell Indian solar stakes to Fortum: Sources  Read more
  • India's crude oil production dips 3.3 per cent in November over lower output  Read more