Oil India keeps FY27 crude target as Duliajan pipeline boosts gas plans
In short
Oil India kept its FY27 crude output target and gave a bigger production outlook for the next two years.
CMD Ranjit Rath said crude output may reach 4.1-4.2 million metric tonne in FY28, while total oil and oil equivalent output may hit 10 million metric tonne by FY29. He said the Duliajan feeder pipeline should help move more gas.
What the reporting says
Oil India said it is maintaining its FY27 crude output goal while expecting production to rise further over the next two years. CMD Ranjit Rath said crude output should increase to 4.1-4.2 million metric tonne in FY28 and total oil and oil equivalent production should reach 10 million metric tonne by FY29. He linked the outlook to the Duliajan feeder pipeline, which is expected to enable higher gas evacuation.
Why it matters
Oil India reiterated its FY27 crude production goal and projected higher output for FY28 and FY29. The company’s chief said the Duliajan feeder pipeline should allow more gas evacuation, supporting the production ramp-up.