India’s natural gas output increase 23 pc as RIL-BP fields start production

 India's natural gas production climbed 22.7percent in April after Reliance Industries Ltd and its partner BP Plc ramped up output from their eastern offshore KG-D6 block, government data released showed. India produced 2.65 billion cubic meters of natural gas in April, up from 2.16 bcm in the same month last year, as per the data released by the Ministry of Petroleum and Natural Gas.

While state-owned ONGC’s production was flat at 1.72 bcm, output from fields operated by the private sector and joint ventures tripled to 710.86 million standard cubic meters. The bulk of this came from 409.12 mmcm output from eastern offshore fields. The data did not give individual field productions. Reliance-BP, which in December last year started putting the second wave of gas discoveries in KG-D6 block to production, last month started output from the Satellite Cluster fields.

 India's crude oil production, however, slipped 2percent to 2.49 million tonnes as state-owned ONGC and Oil India Ltd produced less. Oil refineries processed 35 percent more crude oil at 19.88 million tonnes in April when compared to the year-ago period, when economic activity had almost come to a halt because of a stringent nationwide lockdown. Reliance Industries Ltd's twin refineries at Jamnagar processed 5.5percent less crude oil at 5 million tonnes, while Nayara Energy had a 16.5 percent higher crude throughput at 1.6 million tonnes. Public sector refiners processed 62.2percent higher crude at 11.5 million tonnes.


Coronavirus second Impact on Auto Industry: latest updates by ICRA

Reserve Bank approves higher dividend of Rs 99,122-Cr to government

RBI Board approves transfer of Rs 99,122 cr as surplus to centre

- Sponsored Advert -

Most Popular

- Sponsored Advert -