ONGC Videsh Ltd output touches record 12.57 mn tonnes in FY17

ONGC Videsh Ltd output touches record 12.57 mn tonnes in FY17

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, produced a record 12.57 million tonnes of crude oil and equivalent gas from its assets abroad in 2016-17.

The output was up from 8.92 million tonnes of oil and oil equivalent gas in the previous fiscal 2015-16, OVL Managing Director Narendra K Verma said.

In its over five-decade existence, which began in 1965 with a venture in Iran, OVL has seen a peak production of 9.45 million tonnes in 2010-11.  Read More…

 

Credit By: The Economic Times

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