INSUBCONTINENT EXCLUSIVE:
Petroleum output fell in August 2021, though gas production experienced an uptickDomestic oil production fell in August 2021, as it boiled
down by 2.2 per cent compared to the output tape-recorded throughout the matching period of last year, according to the information released
by the Petroleum Ministry on oil and gas on Wednesday.At the very same time though, gas production witnessed a 20.2 percent development
during August 2021 over the matching period of 2020
Petroleum production touched 2,518 thousand metric tonnes (TMT) in August 2021, around 6 percent lower than the target set for the month and
2.2 percent lower than the output taped in August 2020
The cumulative crude oil production throughout April-August 2021 duration was 12,480 TMT, which was again 3.3 per cent lower than the actual
target set for the duration and 3.1 per cent less than the crude oil production tape-recorded throughout the corresponding period of last
year.Compared to this information, the natural gas output in August 2021 was 2,923 million metric basic cubic meters per day (MMSCM), which
was 20.2 per cent higher than the output of August 2020
Nevertheless at the very same time, it was 10 percent lower than the regular monthly target.Cumulative gas production throughout
April-August 2021 was 13,985.76 MMSCM, which was 19.9 per cent greater than production tape-recorded throughout corresponding period of last
year.Yet, it was 6.39 per cent lower when compared to the target set for the period, the ministry data stated.
