Crude oil production falls 0.8% to 24.96 mt during April-November FY2015
India's crude oil production declined 0.1% to 3.14 million tonnes (mt) in November 2014 over November 2013. The crude oil output of ONGC improved 2.7% to 1.86 mt, but that of private/joint venture (JV) companies declined 4.3% to1.017 mt. ONGC's offshore output surged 7.3% to 1.36 mt, but onshore production continued to dip at 8.3% to 0.5 mt. The crude oil production of Oil India also declined 2% to 0.29 mt in November 2014.The crude oil output declined 0.8% to 24.96 mt during April-November FY2015, in addition to the 0.9% fall in April-November FY2014 and 0.7% dip in April-November FY2013. The output of ONGC and Oil India declined 0.1% to 14.29 mt and 4.4% to 2.29 mt, while that of private companies also fell 1.2% to 7.84 mt in April-November FY2015.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app