(ET)
Oil and gas production by state-run Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) suffered a hit in December 2019 owing to the ongoing protests over Citizen Amendment Act apart from technical issues, fresh data published by the oil ministry’s statistical arm Petroleum Planning and Analysis Cell (PPAC) showed.
The country’s total crude oil production in December dropped 7.37 per cent to 2,651 Thousand Tonne (TMT), pushing import dependence to a historic high of 86.9 per cent in the month. ONGC accounts for 65 per cent of the country’s domestic oil production. It recorded a marginal 1 per cent decline in oil production last month at 1,749 TMT. Cumulatively, in the April-December 2019 period, the company’s oil production declined 3.28 per cent to 15,387 TMT.The company’s oil production from projects in Assam and Tripura declined 5.37 per cent to 81.23 TMT in December. Cumulative crude oil production from both the states declined 2.65 per cent to 733 TMT during the April-December 2019 period.
