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KG-D6 woes: Falling production big reason for low GRMs

CNBC-TV18 learns the falling gas production at the KG-D6 is a significant reason for RIL reporting its lowest historical gross refining margin in Q2 by USD 1 per barrel.

October 20, 2011 / 08:28 AM IST
 
 
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CNBC-TV18 learns the falling gas production at the KG-D6 is a significant reason for RIL reporting its lowest historical gross refining margin in Q2 by USD 1 per barrel.


RIL Q2 results: What analysts and investors did not like


Sources say RIL has had to replace the entire nine mmscmd of KG-D6 gas with expensive imported LNG.


Sources say 33% of the imported LNG was contracted via spots.


Analysts were disappointed by RIL's Q2 GRM of USD 10.1 per barrel, which now commands a USD 1 per barrel premium over the Singapore complex versus USD 3 per barrel last year.

Also read: BP focusing on 'Next Wave' strategy to boost KG-D6 output

first published: Oct 19, 2011 06:22 pm

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