Crude oil output dips 2.9% to 12.08 mt in April-July 2016
India's crude oil production declined 1.8% to 3.08 million tonnes (mt) in July 2016 over July 2015. Crude oil output of ONGC fell 0.7% to 1.87 mt, while that of Oil India also eased 0.9% to 0.27 mt. Further, the crude oil production of private and joint venture (JV) companies dipped 4.2% to 0.94 mt. ONGC's offshore output declined 2.4% to 1.37 mt, while onshore production rose at 4.3% to 0.50 mt.Crude oil output fell 2.9% to 12.08 mt in April-July period of the fiscal year ending March 2017 (April-July 2016), in addition to 0.7% decline recorded in the corresponding period of last year. Output of ONGC eased 1.3% to 7.36 mt, while that of Oil India declined 3.7% to 1.07 mt and private companies fell 5.9% to 3.65 mt in April-July 2016 over April-July 2015.
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