Crude oil output to go up substantially from next year: Petroleum Secy

The country will see a much higher crude production volume from next year onwards, Petroleum Secretary Pankaj Jain said on Friday, adding that the outcome is the result of a series of efforts made by the Centre.

Jain made these comments on the heels of contracts signed by the government for 34 oil exploration blocks. He was speaking at an industry event hosted by the Federation of Indian Petroleum Industry. Jain said increased crude and natural gas exploration will help oil marketing companies (OMCs) carve out new blocks.