India misses oil & natural gas target by wide margin
The major reason for production shortfall was delays in project implementation by ONGC and Cairn Energy
India missed oil and natural gas production targets by a wide margin due to fall in output at Reliance Industries' KG-D6 fields and delays in implementation of project by ONGC, according to Planning Commission. "Against crude oil production target of 206.73 million tonnes in 11th (Five Year) Plan period (2007-12), the anticipated achievement is 177 million tonnes, i.e. 14% below the target," the Plan Panel's draft note on Energy for the current 12th Five Year Plan period (2012-17) said.