WSJ: India Oil Min: Expect Crude Oil Output to Rise
By Sunil Raghu
NEW DELHI -- India's crude oil output is expected to rise by 9.6% to about 734,000 barrels a day and gas output is expected to rise 53% to 50.21 billion cubic meters, the oil minister said Wednesday.
The crude oil output total will be boosted by Cairn India Ltd., a unit of Cairn Energy PLC, which began output at its Mangala oil field in the northwestern state of Rajasthan at the end of August, Murli Deora told reporters.
The gas output in the current financial year will be boosted by production at Krishna Godavari basin, off India's east coast, he said.
