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Crude oil output of India drops
April 27 , 2021
1234 days
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- The Ministry of Petroleum and Natural Gas recently released its data for the fiscal year 2020-21.
- According to the data, crude oil production of India fell to 30.5 million tonnes.
- It was 32.17 million tonnes in 2019-20.
Crude oil production
- The crude oil production of India fell by 5% in 2020-21 as compared to the previous year.
- The Oil and Natural Gas Corporation produced 2% less oil in 2020-21 as compared to 2019-20.
- In 2020-21, the oil produced by ONGC was 20.2 million tonnes.
- The Oil India Limited produced 5.4% less oil.
Natural Gas production
- The Natural Gas production in the year 2020-21 was at 28.67 billion cubic metres.
- This was 8% less than the output in 2019-20.
- However, in March 2021, the overall natural gas output of the country began to increase as the Reliance industries started their output from KG basin fields.
- The Reliance began producing Natural Gas in the KG basins in December 2020.
- It is now producing gas at the rate of 1.3 million cubic metres per day.
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