India’s crude oil production plunges 6% against target in January

Team News Riveting

New Delhi, February 23

India’s crude oil production fell by 6.04 per cent at 2511.66 TMT against the target set for the month of January, 2022.

The output was 2.40 per cent lower than the production of January 2021. Cumulative crude oil production during April-January, 2021-22 was 24890.07 TMT, which is 4.63 per cent and 2.61 per cent lower than target for the period and production during corresponding period of last year respectively, according to official data released today.

The natural gas production during January 2022 was 2861.09 MMSCM, which is 12.17 per cent higher than the production of January 2021 but 16.47 per cent lower than the monthly target. Cumulative natural gas production during April-January 2021-22 was 28535 MMSCM, which is 20.50 per cent higher than production during corresponding period of last year but 9.59 per cent lower when compared with target for the period.

Crude oil processed during January 2022 was 21708.56 TMT, which is 3.03 per cent lower than target for the month and 0.46 per cent lower than the January 2021. Cumulative crude processed during April-January 2021-22 was 198923.79 TMT, which is 1.24 and 9.20 per cent higher than target for the period and production during corresponding period of last year respectively.

Private refineries crude oil processed during January 2022 was 7010.49 TMT, which is 1.39 per cent lower than the corresponding month of last year. Cumulative crude throughput during April-January 2021-22 was 70013.29 TMT, which is 7.35 per cent higher than the corresponding period of last year.

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