India’s domestic crude oil production continued to fall in November, data from Ministry of Petroleum and Natural Gas showed. Crude oil production was down 6.89 per cent y-o-y to 2,431 thousand metric tonne (TMT) but natural gas production was nearly 24 per cent higher in the same period.
Domestic production holds the key to India’s energy security. India spends more than $100 billion on crude oil imports in a normal year.
Cumulative crude oil production during April-November, 2021 was 19,868.42TMT, which is 4.38 per cent lower than target for the period and 2.74 per cent lower than production during corresponding period of last year, the data showed.
