Singapore—India’s state-owned upstream major ONGC realized a net price after discounting for subsidies of just $40.97/barrel for its crude oil sales in fiscal 2013-14 (April-March)—down 14% year on year—and well below the $60/b that ONGC executives have said in the past would allow them to break even on their crude sales and boost their exploration efforts. In a report Friday, Nomura analysts said that the price realized in fiscal 2013-14 was the lowest in nine years, adding that over the last nine years, while ONGC’s gross oil realization had increased by around 80%, net reported realization had actually declined by 3%.
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机译：新加坡-印度的国有上游主要企业ONGC在贴现2013-14财年（4月至3月）原油销售的补贴仅40.97美元/桶的贴现后实现了净价，同比下降14％，且远低于60美元/ b ONGC主管过去曾说过，这将使他们的原油销售收支平衡并加强勘探工作。野村证券分析师在周五的一份报告中表示，2013-14财年实现的价格为九年来最低，并补充说，在过去九年中，ONGC的总石油实现量增长了约80％，而净报告的实现量实际上有所下降减少3％。
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