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Domestic crude oil production falls 1.4% in December

 JoKeynes
  43
 June 2, 2024

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NEW DELHI: India’s crude oil production fell 1.4% in December.

According to statistics, crude oil production in December 2014 stood at 3.21 million tons, down 1.4% from 3.25 million tons in the same month last year.

The National Oil and Natural Gas Corporation (ONGC) reported a 5 percent surge in offshore production pushing output up 0.7 percent to 1.90 percent million tons.

However, production from private fields declined by 5.2% to 1.02 million tons. Production from fields in Cairn Rajasthan declined by 7.8% to 765,049 tons, the report said.

Gas production declined 3.5% to 2.89 billion cubic meters because of lower production from Reliance Industries’ East Offshore KG-private field. The decline continued in the D6 block.

ONGC’s gas production declined by 5.1% to 1.89 bcm, while offshore gas production from private companies also declined by 4.5% to 64,186 mcm.

In December, the country’s 22 refineries produced 19.72 million tons of petroleum products, up 6.1 percent from December 2013 fuel output of 18.6 million tons.

RIL’s old refinery at Jamnagar in Gujarat saw a 26.7% jump in crude throughput. Output at the neighboring export-only plant fell 1.6% to 3.1 million tons from 50% start million tons to 2.8 million tons. Output at the Vdinar refinery near Essar Oil increased by nearly 1.75 million tons.

Crude oil throughput at public sector refineries, which is the amount of crude oil converted into petroleum products (fuel), increased by 4%. 10.54 million tons.

RIL’s existing refineries are operating at 99.93% of 6.6 million barrels per day (mbpd) capacity and the new export-oriented facilities (SEZ refineries) are operating at 138% of 5.8 million barrels per day (mbpd) capacity.

Public refineries are operating at 103.46% of capacity.

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