Oil flow rising from India's privatized fields amid flagging output

Indian crude oil production [37,115 bytes] Newly privatized oil fields in India are increasing their contribution to the nation's oil production, while state oil-operated output is flat or declining, according to the latest final data. Oil production from areas operated by Oil & Natural Gas Corp. (ONGC) declined to 28.25 million metric tons in fiscal year 1997-98 from a high of 31.61 million tons in fiscal 1995-96, while output from fields operated by Oil India Ltd. (OIL) has remained relatively constant at 3 million tons/year. At the same time, production from private joint ventures operating in India has jumped to 2 million tons in fiscal 1997-98 from on...

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