Crude production during FY08 stands at 34.117 MMT

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New Delhi, Apr 25 (UNI) Country's crude processing has grown to 34.117 million metric tonne (MMT) during FY08 as against 33.988 MMT a year ago, fuelled by new capacity additions in Asia's third largest oil consumer.

During the month of March 2008, the production stood at 2.925 MMT against the target of 3.018 for the month, an official statement said here today.

Oil and Natural Gas Corporation Ltd's (ONGC) production stood at 2.194 MMT, a 6.4 per cent shortfall as against the target of 2.345 MMT.

Oil India Ltd (OIL) reported production of 0.292 MMT of crude, a 7.6 per cent shortfall as against the target of 0.316 MMT.

The private/JVC's produced 0.439 MMT, beating their targets of 0.357 MMT, a 23 per cent increase.

The Refinery production stood at 156.093 MMT during FY08, a hike of 6.7 per cent as against 146.551 MMT a year ago.

During the month of March 2008, the production stood at 13.528 MMT, a surplus of 7.1 per cent as against the target of 12.636 for the month.

The Refinery capacity utilisation figures suggested a 104.8 per cent utilisation in FY08, as against 106.8 per cent during FY07. The figures for March 2008 stood at 107.2 per cent, while the same was 111.3 per cent during FY07.

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