Oil India boosts Thar oil production
Analysis based on 7 articles · First reported Apr 05, 2026 · Last updated Apr 05, 2026
The increased domestic Petroleum production by India is positive for India's energy security, potentially reducing import costs and strengthening the national economy. This development could also positively impact the stock prices of India, Oil and Natural Gas Corporation, and Indian Oil Corporation due to enhanced operational efficiency and contribution to national energy goals.
India has significantly increased its Petroleum production from the Baghewala field in Rajasthan's Thar desert, achieving a record output of 1,202 barrels per day. This 70% surge compared to the previous year is attributed to the deployment of advanced recovery techniques like Cyclic Steam Stimulation, fishbone drilling, and barefoot completion. The increased production, totaling 43,773 metric tonnes in FY 2025-26, is a major milestone for India's energy security, aiming to reduce the nation's dependence on imported Petroleum. The Petroleum is transported to Oil and Natural Gas Corporation facilities and then to Indian Oil Corporation's Koyali refinery.
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