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Projection-I: Oil & gas output to fall, consumption to rise
Jun 16:
The petroleum ministry has projected a fall in both oil and gas production in April-November, 2017 in relation to the same period in the previous year
8Oil production will be a negative 3.53 per cent to 23.99 MMT in comparison to 24.86 MMT
8Gas output will decline by 3.70% to 21.14 BCM in relation to 21.96 BCM in the previous period
8In comparison however, growth of petroleum products is expected to be around 9.45%, at 130 MMT in relation to 118 MMT for the same period in the previous year.
8Production of petroleum products, at 160 MMT will be in excess of consumption for the April-November, 2017 period.
8Crude oil imports grew at an average of 6.34% in 2016-17 to 215 MMT but the rate of growth will be faster, at 9.31%, in the April-November, 2017 period.
Click on Reports for disaggregated figures
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8Oil production will be a negative 3.53 per cent to 23.99 MMT in comparison to 24.86 MMT
8Gas output will decline by 3.70% to 21.14 BCM in relation to 21.96 BCM in the previous period
8In comparison however, growth of petroleum products is expected to be around 9.45%, at 130 MMT in relation to 118 MMT for the same period in the previous year.
8Production of petroleum products, at 160 MMT will be in excess of consumption for the April-November, 2017 period.
8Crude oil imports grew at an average of 6.34% in 2016-17 to 215 MMT but the rate of growth will be faster, at 9.31%, in the April-November, 2017 period.
Click on Reports for disaggregated figures
