Business

Crude Oil Output Fell 2.19% In February


Indian crude oil production fell in February

Crude oil production in the country declined 2.19 per cent to 2272.26 thousand metric tonnes (TMT) in February 2022, compared to the same period last year.

According to data provided by the petroleum ministry, crude oil production in February 2022 was also less than the official target of 5.6 per cent.

Meanwhile, accumulated crude oil production during April-February 2021-22 was 27,162.3 TMT, 4.71 per cent lower than the target and 2.57 per cent lower than production in the same period last year.

Also the Oil and Natural Gas Corporation (ONGC) crude oil production in the nomination block during February 2022 was 1510.52 TMT, which is 2.92 per cent lower than the month target in the survey and 2.22 per cent lower than the output recorded in February 2021.

The Ministry of Petroleum releases crude oil production data on a monthly basis.

Agrasmartcity

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