Crude oil throughput from Indian refiners in May rose about 19% year-on-year to 5.34 million barrels per day (22.64 million tonnes), according to provisional government data released on Friday.
Natural gas production increased 6.4% year-on-year to 2.91 billion cubic meters, while overall crude production increased 4.5% to around 623,000 barrels per day (2, 55 million tons), according to the data.
Preliminary data released on Wednesday showed demand rose at a rapid pace in the first two weeks of June as supply concerns grew. The government played down concerns, saying the unprecedented growth in demand has created temporary logistical problems in more remote locations.
Data from last week showed India’s fuel consumption jumped around 23.8% in May.
Refinitiv analyst Ehsan Ul Haq said the production surge was just a pick-up, after “a number of production delays earlier this year”, while COVID-19 hampered production. production last year.
May crude oil production by
was about 4% below target, said Friday’s statement from the Ministry of Petroleum and Natural Gas, attributing the decline to a “lower-than-expected contribution” from oil wells and “local disturbances and activities disbelievers in the main production area”.
But the recovery could be short-lived as production problems persist, compounded by mature oilfields and lack of drilling as India’s dependence on foreign oil increases, with “the trend not s ‘probably won’t reverse,’ Ul Haq added.
Russia became India’s second largest oil supplier in May, pushing Saudi Arabia into third place, but still behind Iraq which remains No. 1, according to data from trade sources released earlier this week.
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in ‘000 tonnes):
May-2022 May-2022 May-2021 April-May 2022 April-May 2021
Plan Actual Actual Actual Actual Actual
Guwahati 88 94 0 184 62
IOC, Barauni 375 584 533 1,135 1,003
IOC, Gujarat 1,145 1,359 1,045 2,677 2,042
COI, Haldia 713 712 624 1,419 1,320
IOC, Mathura 837 813 692 1,618 1,511
CIO, Digboi 59 62 61 120 118
COI, Panipat 1,364 1,253 1,156 2,425 2,477
IOC, Bongaigaon 219 183 227 392 452
CIO, Paradip 1,333 1,363 1,045 2,690 2,377
Mumbai 1,260 1,257 1,174 2,558 2,399
BPCL, Cochin 1,400 1,432 910 2,746 2,274
BORL, Bina 700 676 519 1,360 1,166
Mumbai 771 844 119 1 576 160
HPCL, Visakh 695 803 737 1,600 1,563
CPCL, Manali 930 1,005 629 1,910 1,389
NRL, Numaligarh 245 275 226 546 447
Mangalore 1,250 1,415 961 2,896 2,061 , Tatipaka 3 7 7 13 14
HMEL, Bhatinda 980 1,111 1,102 2,151 2,161
Jamnagar 2,837 3,124 2,837 6,158 5,610
RIL, ZES 2,678 2,547 2,678 4,664 4,927
Nayara, Vadinar 1,692 1,726 1,692 3,385 3,325
TOTAL 21,574 22,644 18,974 44,224 38,859
Source: Ministry of Petroleum and Natural Gas
IOC:
BPCL: Bharat Petroleum Corp Ltd
HPLC:
Corp Ltd
CPCL:
Corp Ltd
MRPL:
Please note that CPCL’s CBR Refinery is decommissioned due to a shutdown due to the limitation of meeting the required product specifications with the existing configuration.
CRUDE PRODUCTION (‘000 tonnes):
May-2022 May-2022 May-2021
Plan Actual Actual
CGSB
Andhra Pradesh 16 16 11
$85 84 84
Gujarat 381 386 370
Tamil Nadu 22 23 25
Offshore # 1,108 1,184 1,063
OIL
Assam, Arunachal Pradesh and Rajasthan (heavy oil) 276,265,253
Private operators 601 591 631
Total 2,489 2,550 2,438
Total may not add due to rounding.
CGSB: Oil and Natural Gas Corp Ltd
OIL: Oil India Ltd
$: Includes oil production from Tripura
#: Includes Mumbai High oil production