Oil and Natural Gas Corp. Ltd’s standalone gross crude oil realization fell about 8% year-on-year in the September quarter to $78.3 per barrel. The good news is that the ramp-up of crude oil production from the newly developed KG basin 98/2 block to 25,000 barrels per day in October, up from 12,000 bpd in the June quarter should help it …
Highlights Domestic gas production would get further boost primarily from RIL, ONGC's assets in KG Basin Domestic gas available for commercial consumption risen after remaining stagnant for past 5 years Favourable gas prices would benefit domestic consumption and would benefit overall gas sector India's domestic gas production is expected to get a boost from KG Basin, from Motilal Oswal Financial …
