Gas output ceases, oil is down 75%

Gas output ceases, oil is down 75%

The two major PSU fuel producers, Oil India Ltd and Oil and Natural Gas Corporation

FPJ BureauUpdated: Monday, December 16, 2019, 06:36 AM IST
article-image

GUWAHATI: Crude oil and gas production in Assam has been badly disrupted by the ongoing state-wide protests, affecting the supply of petrol, diesel and LPG in many districts.

The two major PSU fuel producers, Oil India Ltd and Oil and Natural Gas Corporation, on Sunday said their gas output has almost stopped, while oil production is down by over 75 per cent, since protests erupted in the state.

"Our gas production has almost ceased. In the crude oil segment, we were producing 9,000 tonnes per day, which has come down to just 1,000 tonnes," a senior official from OIL told PTI.

The company is operating only 50 out of its about 400 oil and gas producing wells. Filled LPG cylinders are lying stacked at oil terminals as vehicle transport has come to a halt. Tankers are stranded on highways.

The other day, Oil India had issued an appeal to the people of the State to allow it to carry out day-to-day operations. The appeal issued in a leading English daily cautioned that the “total disruption of operational activities will adversely impact the economy of the State and the lives of the common people.

RECENT STORIES

India Electronics Association Lauds Government's Commitment Of ₹4,500 Crore To Modernise...

India Electronics Association Lauds Government's Commitment Of ₹4,500 Crore To Modernise...

RBI's Monetary Policy Review To Take Place Amidst Low Inflation & Growth

RBI's Monetary Policy Review To Take Place Amidst Low Inflation & Growth

'Indian Tea Needs To Develop A Wider Catalogue Of Internationally Marketable Varieties': Piyush...

'Indian Tea Needs To Develop A Wider Catalogue Of Internationally Marketable Varieties': Piyush...

'Under The Leadership Of Prime Minister Narendra Modi, India Is Rapidly Moving Toward Self-Reliance...

'Under The Leadership Of Prime Minister Narendra Modi, India Is Rapidly Moving Toward Self-Reliance...

SEBI Chairman Tuhin Kanta Pandey Stresses Need For Financial Literacy & Investor Protection

SEBI Chairman Tuhin Kanta Pandey Stresses Need For Financial Literacy & Investor Protection