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Crude oil production increases 0.3% y-o-y at 2.822 MT in Nov

New Delhi, Dec 27 (UNI) The crude oil production in the country increased 0.3 per cent at 2.822 million tonnes in November 2007 from 2.814 million tonnes in the corresponding month previous year.

However, the production in November decreased 1.1 per cent from the targeted 2.854 million tonnes during the month, according to the official data released today.

State-owned Oil and Natural Gas Corporation (ONGC) production stood at 2.164 million tonnes and OIL's at 0.255 million tonnes, whereas Private/JVC actual production stood at 0.403 million tonnes during the said month.

The refinery production in terms of crude throughput increased 5.2 per cent at 12.973 million tonnes during November this year as compared to 12.331 million tonnes in the same month a year ago.

This production is 3.7 per cent more than the 12.505 million targeted in the said month.

During November this year, the natural gas production increased 3.3 per cent to 2,764 million cubic meters from 2,676 million cubic metre during the the corresponding month last year.

The November 2007 production is short 2.2 per cent than the targeted 2,825 million cubic metres during the said month.

ONGC actual production stood at 1,864 million cubic metres, OIL at 201 million cubic metres, whereas Private/JVC production was at 699 million cubic metres in November this year.

UNI

Sugar prices steady on moderate demand

Navi Mumbai, Dec 27 (UNI) Wholesale sugar prices today maintained a a steady trend at Rs 1,430 per quintal on moderate demand by bulk consumers and sweet makers in the face of sufficient stocks, traders at the Bombay Sugar Merchants' Association said. Following are the spot wholesale rates per quintal: Small grade: Rs 1,331/1,390, Medium grade: Rs 1,390/1,475. Ex-mill Small grade: Rs 1,325/1,355 and Medium grade: Rs 1,375/1,450. UNI.....

Nickel, copper wire

Mumbai, Dec 27 (UNI) Prices of nickel cathode, copper wire bars and brass cuttings in ferrous and non-ferrous metal segments today maintained an upward trend on brisk industrial users' demand, along with bullish advices from domestic centres like Kolkata and Delhi, traders at Bombay Metal Exchange (BME) said. In ferrous metal segment (per quintal), brass cuttings and copper utensils rosed by Rs 400 and Rs 100 per quintal respectively on sustained heavy industrial buying support by local dealers. In non.....

Sunshine Holdings picks up ten per cent stake in VSNL Lanka

Mumbai, Dec 27 (UNI) Sri Lanka-based Sunshine Holdings PLC has picked up ten percent stake in leading communication provider wholly owned subisidary VSNL Lanka Limited at Rs 75 million. The company has picked up 1,517,936 shares, representing 10 per cent of the paid up capital. Sunshine Holdings PLC has interests in pharmaceuticals, travel&tourism, tea &rubber cultivation and managing portfolio investments. Sunshine Holdings PLC has actively supported VSNL Lanka in its growth plans over the last few years. Vish Govindasamy.....
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