India's crude oil production surges in Sept 2023, reaches 2.4 MMT

31 Oct 2023 CW Team

In September 2023, India's crude oil production exhibited consistent growth, reaching a total of 2.4 million metric tonnes (MMT), as per data disclosed by the Petroleum Planning & Analysis Cell (PPAC).

The primary contributor to this production surge was the Oil and Natural Gas Corporation (ONGC), responsible for 1.5 MMT, followed by Oil India Limited (OIL) with 0.287 MMT, and private sector producers, adding 0.60 MMT to the overall output.

During the same period, crude oil imports in India rose by 6.1%, aligning with the 0.4% growth observed from April to September 2023 compared to the previous year. Market prices also saw an increase, with the Indian basket crude averaging at $93.54/bbl in September 2023, up from $86.43/bbl in August 2023.

Additionally, the production of petroleum products in September 2023 reached 21.5 MMT, marking a 5.5% increase from September 2022. This comprised 21.2 MMT from refinery production, with the remaining output coming from fractionator operations.

Furthermore, imports of petroleum, oil, and lubricant (POL) products surged by 26.2% in September 2023. This spike was primarily attributed to increased imports of materials like bitumen, petcoke, fuel oil, and motor spirit.

These statistics underscore India's on-going efforts to enhance its energy security amid global market fluctuations, with major players like ONGC and OIL playing pivotal roles in this strategic initiative.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..