December 23, 2020 3:42:39 am
The nation’s crude oil manufacturing fell 4.9 per cent in November to 2,486 thousand metric tonnes (TMT) from 2,680 TMT a 12 months in the past, whereas pure gasoline manufacturing fell 9.1 per cent from final November.
Decrease demand resulting from Covid-19 and plant shutdowns deliberate to coincide with decrease demand had been key causes for decrease output, a authorities launch stated.
In the meantime, crude oil processing within the month fell 5.1 per cent to twenty.8 million tonnes as in opposition to 21.9 million tonnes within the 12 months in the past interval, however rose 13 per cent from the 18.9 million tonnes processed in October, in line with authorities information launched on Tuesday.
Cumulative crude oil manufacturing in April-November was 20,427 TMT, down 6 per cent from 21,725 TMT in the identical interval final 12 months. That is additionally 5.3 per cent decrease than the goal of 21,566 TMT set for this era, in line with the official launch.
Considerably decrease manufacturing from Cairn India’s Rajasthan fields — the place output fell 9.6 per cent to 477 TMT in comparison with 527.5 TMT within the corresponding interval final 12 months — comprised a key portion of the shortfall in crude oil output.
ONGC’s crude oil output fell 1.5 per cent in November resulting from decrease than anticipated manufacturing ranges at newer fields, the operations of which had been impacted resulting from Covid implications, the federal government launch stated.
Output by Oil India (OIL) was down 6.53 per cent in November over final 12 months resulting from decrease than anticipated manufacturing from older wells and the affect of protests and blockades at OIL items after the Baghjan properly blowout in Might.
Pure gasoline output within the nation fell largely resulting from closure of ONGC gasoline wells within the western offshore resulting from a plant shutdown in Hazira in addition to decrease than anticipated manufacturing from wells within the Jap offshore area.
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