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Care Ratings Research Report

Fields operated by National Oil Companies have contributed around 78% of the total domestic crude oil production whilst the remaining 22% production has been undertaken by private companies during eight month-FY21.

Domestic crude oil production has fallen by 6% during eight month-FY21 compared with the 5.9% de-growth achieved during eight month-FY20.

Technical mishaps due to Covid-19 implications, reservoir issues and shut in of wells and reduced offtake have led to the fall in production.

India imported 3.7 million barrel per day of crude oil during eight month-FY21 compared with the 4.5 mb/d imported during eight month-FY20.

Cumulatively imports of crude oil have fallen due to the fall in demand of petro-products.

Click on the attachment to read the full report:

Care Ratings Update on Crude Oil April-November 2020 & Outlook For 2021.pdf

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