Business Standard

RIL to step up oil output to 20,000 barrels by Diwali

Image

Press Trust of India Mumbai

Reliance Industries would increase the crude production from the prolific KG-D6 block to 20,000 barrels a day by Diwali, even as its gas output has been delayed till the first quarter of 2009.     

The first cargo of oil would go to Hindustan Petroleum's Vizag refinery and the crude was benchmarked on Papis and Nigeria bonny light, an RIL official said. At the rate of 20,000 barrels a day, the total crude output would amount to one million tonne a year.      

The gas production would now start from the first quarter of 2009, instead of the second half of this year.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 21 2008 | 8:00 PM IST

Explore News