India’s crude oil output extends slide, declined 2% in November
The Hindu
ONGC’s production fell on delays in mobilising equipment
India’s output of crude oil, which is refined to produce petrol and diesel, continued to decline in November, with lower output from state-owned firms leading to a more than 2% drop, official data showed on Tuesday.
Oil production in November was 2.43 million tonnes, down from 2.48 million tonnes a year earlier and 2.5 million tonnes in October.
Oil and Natural Gas Corp. (ONGC) produced 3% less crude oil at 1.6 million tonnes in November due to delays in mobilising equipment at western offshore fields. Oil India Ltd. (OIL) produced 2,41,420 tonnes of crude oil in November, down from 2,43,200 tonnes a year earlier and 2,52,990 tonnes in October.
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