Fri, 16 Dec 2011 15:09:35 GMT
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
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