Crude oil output falls for seventh straight month

Crude oil output falls for seventh straight month
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First Published: Tue, Aug 25 2009. 10 35 PM IST
Updated: Tue, Aug 25 2009. 10 35 PM IST
New Delhi: India’s crude oil production fell for the seventh month in eight in July, led by lower output by Oil and Natural Gas Corp. Ltd (ONGC), the nation’s largest explorer.
The country pumped 2.8 million tonnes (mt) of oil last month, 0.4% less than a year earlier, the petroleum ministry said in a statement. ONGC produced 2.1 mt of oil in July, a 3.3% decline, the data showed.
India’s natural gas output increased about 35.5% to 3.76 billion cu. m, according to the data.
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First Published: Tue, Aug 25 2009. 10 35 PM IST
More Topics: Crude | Oil | ONGC | Money Matters | Commodities |