Re: Oil crisis: Closer than we think?

Posted by Mike Kremer on Feb 11, 2004 at 09:21

Re: Oil crisis: Closer than we think? (Amaranth Rose)

Tiger Balm? Hehehe, yes so have the Chinese.
"The first decent oil strike that India has had"
Yep this recent strike has been classed as big.

Fact remains India has to import 70% of its oil requirements
19-12-03 India's crude oil production rose 4.2 % in April-November to 22.117 mm tons as against 21.235 mm tons in the corresponding period last year, according to the petroleum ministry. The cumulative production is 0.7 % higher than the target of 21.971 mm tons for April-November, while for November alone the increase was 1.4 % over the target of 2.705 mm tons, an official release stated
**(pitifully small amounts)
The lowest output was from the state-owned Oil India's oil fields in Assam and Arunachal Pradesh in the northeast, which had only around 85 % recovery. This was due to increase in water/oil ratio in a few new fields. In terms of gas, the production at 2,611 mm cm during November was 5 % higher than 2,486 mm cm in the corresponding month last year.
Between April-November, the gas production at 20,593 mm cm was 4.4 % higher than the production of 19,726 mm cm during the corresponding period last year. With domestic demand rising, reflecting growth in the industrial and transport sector, the refinery production in the country at 74.219 mm tons between April-November also showed 5 % growth over the corresponding period last year when it was 70.662 mm tons

Above data taken from ><

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