Cairn India to drive oil production this fiscal: -CMIE survey

摘要

Cairn India's plans for enhancing oil production from its Raj asthan 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. The growth in production will be marginally higher this fiscal compared to the 1% in 2011-12, it said.