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Industry and Infrastructure 305
Petroleum, Crude and Natural gas
8.68 Crude oil and condensate production during the year 2020-21 was 30.49 million metric
tonnes (MMT), lower than the production level of 32.17 MMT in 2019-20 and 94.3 percent of
the target of 32.32 MMT for 2020-21(figure 39). India depends on imports to meet more than 80
per cent of its requirements.
Figure 39: Production of Crude oil
Source: M/o PNG
8.69 Natural Gas production during the year 2020-21 was 28.67 billion cubic meters (BCM) as
against production of 31.18 BCM in 2019-20 and 85.4 percent against the target of 33.57 BCM
for 2020-21. The reasons for lower domestic oil and gas production in 2020-21include, inter-
alia, declining production from old and marginal fields, unplanned shutdown and operational
losses from few producing wells (figure 40).
Figure 40: Production of natural gas
Source: M/o PNG
8.70 Crude Oil Processed during the year 2020-21was 221.77 MMT as against 254.39 MMT
in 2019-20, showing achievement of 88.1 percent of the target of 251.66 MMT for 2020-21
(figure 41). The shortfall in crude oil processing was mainly due to lower demand of petroleum
products due to COVID-19 during 2020-21.
