Indian crude oil production to increase by 21% in the next two years

Indian crude oil output is expected to surge 21% to 45.57MT in the next two years as compared to 37.68 MT between 2010 and 2011, reported S Jaipal Reddy, Indian Oil Minister. The increase of the domestic oil output will reduce country's dependency on the foreign supplies. The largest contributor to higher oil production level will be Cairn India that currently produces about 125,000bpd of oil.