May crude manufacturing down, imports higher

May crude manufacturing down, imports higher

by admin- Wednesday, June 23rd, 2021 07:54:22 AM

Production declines by using 6.32% YoY

Domestic crude oil manufacturing declined by 6.32 in step with cent on a 12 months-on-year foundation to 24.Four lakh tonnes at some stage in May, in step with data launched by using the Ministry of Petroleum and Natural Gas on Tuesday. Domestic manufacturing of herbal fuel, but, grew by means of 19.1 in step with cent year-on-yr to two.Seventy four bcm.

In April this year, home crude oil production had are available in at 25 lakh tonnes. Oil and Natural Gas Corporation Ltd’s crude production fell by using 10 in step with cent year-on-12 months to 15.5 lakh tonnes. Over eighty workers misplaced their lives when cyclone Tauktae hit the company’s Bombay High oilfield remaining month. ONGC’s fuel production also declined by means of 9 in keeping with cent year-on-year to 1.Sixty four bcm.

The commencement of fuel production from the U1 field of ONGC’s KG-98/2 Cluster-II has been not on time because of Covid-19, the Ministry said. Gas manufacturing from the sector is now expected to begin from August.

On the opposite hand, gasoline production from the fields operated by the non-public region and joint ventures grew over threefold on a yr-on-12 months basis to 868 mmscm.

Overall refinery throughput inside the united states also grew by means of sixteen in keeping with cent on a yr-on-year foundation to one hundred ninety lakh tonnes of crude. However, it remains below pre-Covid stages.

Crude imports all through May grew via 18 according to cent on a 12 months-on-yr basis to 172 lakh tonnes.

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