Advertisement

HindustanTimes Mon,01 Sep 2014

Crude output to go up by 11 per cent, gas 53 per cent

HT Correspondent, Hindustan Times  New Delhi, February 25, 2010
First Published: 20:39 IST(25/2/2010) | Last Updated: 20:40 IST(25/2/2010)

Commending the efforts made by private players such as Reliance Industries and Cairn India towards discovering new oil and gas, the Economic Survey said it expects India to clock an increase of 11 per cent in its domestic crude oil production and 53 per cent in gas production.

Advertisement

India is dependent on imports of petroleum and meets almost 75 per cent of its crude oil requirements through imports.

During 2009-10, the projected production for crude oil is 36.7 million tonnes, which is about 11 per cent higher than the actual crude oil production of 33.5 mn tonnes in 2008-09.

“This is primarily due to increase in crude oil production from Rajasthan (2.4 million tonnes by Cairn India) and the KG deepwater (0.8 million tonnes by Reliance Industries),” the Survey said.


Advertisement
more from Business

Sensex, Nifty hit new peak post GDP surge

Continuing their record setting spree, the NSE Nifty breached the 8,000-mark for the first time ever and BSE Sensex logged a new peak of 26,812.69 in opening trade on Monday on the back of positive economic growth data for the April-June quarter.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved