Domestic crude, natural gas production down in May – Feedback

Domestic crude oil and natural gas production fell 3.34 per cent and 6.88 per cent respectively in May 2016, according to data released by the Ministry of Petroleum and Natural Gas. Domestic crude oil production stood at 3.078 million tonne in May 2016, against 3.184 million tonne in the same month last year.

The all-India production drop was affected due to lower output from ONGC’s offshore fields, as well as a drop in Cairn India’s production from Rajasthan. ONGC’s production from offshore fields fell 1.9 per cent to 1.392 million tonne while Cairn India’s Rajasthan field had a drop in output of 5.25 per cent to 0.710 million tonne. Natural gas production stood at 2.656 billion cubic metre during May as compared to 2.852 billion cubic metre in the same month last year. During the month, India’s consumption of petroleum products stood at 16.573 million tonne, a growth of 6.7 per cent over 15.528 million tonne in May 2015.

http://www.thehindubusinessline.com/todays-paper/tp-news/domestic-crude-natural-gas-production-down-in-may/article8757359.ece

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