Moneycontrol PRO
HomeNewsBusinessMarketsIndia's crude oil production up 1.6% in August

India's crude oil production up 1.6% in August

India's crude oil production rose by 1.6% in August to 3.24 million tonne as higher output from Cairn India operated Rajasthan fields offset the decline at the state oil and gas explorer ONGC's assets.

September 24, 2011 / 13:55 IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

India's crude oil production rose by 1.6% in August to 3.24 million tonne as higher output from Cairn India operated Rajasthan fields offset the decline at the state oil and gas explorer ONGC's assets.


Crude oil production in August was up 1.6% to 3.24 million tonne as against 3.19 million tonne in the same period a year ago, according to the data released by the Oil Ministry here.


Cairn's Rajasthan oilfields produced 5,42,000 tonne, 1.8% more than August 2010. On the other hand, Oil and Natural Gas Corp (ONGC) saw a decline in output by 1.1% to 2.03 million tonne. Its prime Mumbai High fields produced 2.2% less crude at 1.41 million tonne.


State-owned Oil India Ltd (OIL) reported a 4.7% rise in output to 330,900 tonne.


Natural gas output dipped for the ninth straight month, declining 5.3% to 4.1 billion cubic meters, according to the data.


Nineteen public and private sector refineries processed 3.9% more crude in August at 14.03 million tonne with state owned Indian Oil Corp (IOC) reporting a 0.8% rise in crude throughput to 4.29 million tonne.


Reliance Industries' 33 million tonne a year Jamnagar refinery in Gujarat reported about a percentage drop in crude throughput at 3 million tonne.


Essar Oil, the only other private refiner in the country, raised output by 3.9% to 1.27 million tonne.


Refineries operated at 109.5% of the capacity in the month, compared to 102.3% capacity utilisation in the year-ago period.

first published: Sep 23, 2011 07:53 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347