‘Cairn’s drive may increase India’s oil output by 3.1%’
Mumbai Cairn India’s plans for enhancing oil production from its Rajasthan block is likely to drive the domestic crude oil production by 3.1% in FY13, a Centre for Monitoring Indian Economy (CMIE) survey has said.
“The domestic crude oil production is likely to grow by 3.1% in 2012-13. (Even though) the oil output during the April-July period declined 0.6%, the growth is likely to recover in the coming months mainly on account of Cairn India,” CMIE said in its monthly report.
Publication Date:
24/09/2012