Ready Reckoner Snapshot of India s Oil & Gas data July, 2017 Petroleum Planning & Analysis Cell

Transcription

1 Ready Reckoner Snapshot of India s Oil & Gas data July, 2017 Petroleum Planning & Analysis Cell (Ministry of Petroleum & Natural Gas)

2 Index of Tables Description Table Page Highlights for the month Selected indicators of the Indian economy 4 2 Crude oil, LNG and petroleum products at a glance 5 3 Indigenous crude oil production 6 4 Domestic oil & gas production vis-à-vis overseas production 6 5 High Sulphur (HS) & Low Sulphur (LS) Crude Oil processing 6 6 Quantity and value of crude oil imports 7 7 Self-sufficiency in petroleum products 7 8 Refineries: Installed capacity and crude oil processing Major crude oil and product pipeline network 9 10 Gross Refining Margins (GRM) of refineries GRM of North-East refineries excluding excise duty benefit Production and consumption of petroleum products LPG consumption Kerosene allocation vs upliftment Industry marketing infrastructure Natural gas at a glance Coal Bed Methane (CBM) gas development in India Gas pipelines under execution/ construction Existing LNG terminals Status of PNG connections, CNG stations and CNG vehicles across India Major natural gas pipeline network Domestic natural gas price and gas price ceiling Information on prices, taxes and under-recoveries Capital expenditure of PSU oil companies Conversion factors and volume conversion 21 1 Snapshot of India's Oil & Gas data -July, 2017

3 Highlights for the month Indigenous crude oil production during July 2017 was marginally lower by 0.5% than that of July On cumulative basis, it was an increase of 6 TMT over the period April-July Total crude oil processed during July 2017 was 20.5 MMT, which was a decrease of 3.3% as compared to July 2016 mainly due to planned shutdown of refineries. On cumulative basis crude oil processed was marginally lower by 0.1% as compared to the period April July Production of petroleum products during July 2017 saw a de-growth of 2.8% as compared to July However on cumulative basis a growth of 0.6% was recorded over the period April July Crude oil imports marginally increased by 0.6% during July 2017 as compared to July On cumulative basis crude oil imports increased by 1.0% over the corresponding period of the previous year. Product imports increased by 13.9% during July 2017 over July 2016 mainly due to increase in LPG imports by 16%. In July 2017 HSD imports of 317 TMT and MS imports of 137 TMT were undertaken for BS-IV compliance across the country. On cumulative basis, product imports decreased by 1.2% as compared to the corresponding period of previous year. Export of POL products increased by 3.2% during July 2017 over July 2016 primarily due to surplus availability of POL products like ATF and FO. On cumulative basis, an increase of 2.8% was recorded in product exports over the period April July Petroleum product consumption registered a growth of 1.1% during July, 2017 as compared to 8.8% growth during July, Except for ATF, HSD, LPG, MS, LDO and Bitumen, all other products registered negative growth during July, During the period April-July, 2017, petroleum product consumption registered a growth of 2.6% as compared to 9.9% growth during the same period last year. Lower growth during the current year (April to July 2017) is mainly due to high de-growth in SKO (-34.7%), Naphtha (-12.3%) and Petcoke (-2.9%) consumption. 2 Snapshot of India's Oil & Gas data -July, 2017

4 Total LPG consumption continuously for the last forty seven months in a row recorded a positive growth with 12.5% increase during July, 2017 and cumulative growth of 11.2% during the period of April-July Out of five regions, Northern region had the highest share in consumption of 31.1% followed by Southern region at 28.6% during April-July Eastern region had the highest growth of 22.3% followed by Northern region at 10.5% in total LPG consumption during the period April-July SKO registered a de-growth of 36.8% during July, 2017 and cumulative de-growth of 34.7% during the period April- July This was mainly because of reduced allocation to states during Q1 and Q2 of , voluntary surrender of PDS SKO quota by Haryana and Punjab and very less upliftment in Andhra Pradesh, Rajasthan and Uttarakhand during July, Gross production of natural gas for the month of July, 2017 was 2,859 MMSCM which was higher by 5.7% compared with the corresponding month of the previous year. The cumulative gross production of natural gas of MMSCM for the current year till July, 2017 was higher by 4.5% compared with the corresponding period of the previous year. LNG import for the month of July, 2017 was 1922 MMSCM which was 2.0% lower than the corresponding month of the previous year. The cumulative import of 7852 MMSCM for the current year till July, 2016 was lower by 4.3% compared with the corresponding period of the previous year (8203 MMSCM). The price of Brent Crude averaged $ 48.56/bbl during July, 2017 as against $ 46.52/bbl during June, The Indian basket crude averaged $ 47.87/bbl during July, 2017 as against $ 46.56/bbl during the previous month. The import bill of crude oil is estimated to increase by 21% from $ 70 billion in to $ 84 billion in considering Indian basket crude oil price of $ 55/bbl and $/Rs = 65 for the balance part of the year. 3 Snapshot of India's Oil & Gas data -July, 2017

5 Economic indicators (P) 1 Population (as on 1st May, 2011) Billion GDP at Factor Cost (Constant prices)* Growth % PE MMT Agricultural Production (Food grains) Final 3rd AE Growth % Gross Fiscal Deficit % (RE) Economic indicators 1. Selected indicators of the Indian economy Unit/ Base Unit/Base (P) July April-July (P) (P) 5 Index of Industrial Production # Growth % Imports $ Billion Exports $ Billion Trade Balance $ Billion Foreign Exchange $ Billion *Revised on account of using new series of IIP and WPI with base # IIP is for the month of June 2017 & cumulative for Apr-Jul'17, Base year of IIP changed to as on Mar 25, 2016; as on Mar 31, 2017, July as on July 29, 2016, July 2017-as on July 28, 2017; AE- Advanced Estimates; RE-Revised Estimates

6 Unit/ July (P) April-July (P) Details Base (P) Crude oil production in India MMT Consumption of petroleum products MMT Production of petroleum products MMT Imports & exports: Crude oil imports Petroleum products (POL) imports Gross petroleum imports (Crude + POL) 2. Crude oil, LNG and petroleum products at a glance MMT $ Billion MMT $ Billion MMT $ Billion Petroleum products exports MMT $ Billion LNG imports $ Billion Petroleum imports as % of India's gross imports (in value) % Petroleum exports as % of India's gross exports (in value) % Import dependency of crude (on consumption) % 80.9% 82.1% 81.0% 81.3% 82.0% 82.5% 5 Snapshot of India's Oil & Gas data -July, 2017

7 3. Indigenous crude oil production (Million Metric Tonne) July (P) Details (P) (Actual) (Target)* P 2017 ONGC Oil India Limited (OIL) Private / Joint Ventures (JVs) Total Crude Oil Condensate Total (Crude + Condensate) (MMT) Total (Crude + Condensate) (Million Bbl) April-July (P) (Target)* P (Actual) *Target is inclusive of condensate. Note: Some sub-totals/ totals may not add-up due to rounding off at individual levels 4. Domestic oil & gas production vis-à-vis overseas production April-July (P) % 23.9% 20.5% 27.1% 17.5% 28.8% (P) (P) Details July Total domestic production (MMTOE) Overseas production (MMTOE) Overseas production as % of domestic production Source - ONGC Videsh, GAIL, OIL, IOCL & HPCL 5. High Sulphur (HS) & Low Sulphur (LS) crude oil processing (MMT) Details (P) July (P) April-July (P) High Sulphur crude Low Sulphur crude Total crude processed Share of HS crude in total crude oil processing 71.3% 72.4% 72.5% 72.8% 71.7% 73.0% 6 Snapshot of India's Oil & Gas data -July, 2017

8 6. Quantity and value of crude oil imports Year Quantity (MMT) $ Million Rs. Crore (Provisional) ,217 4,70, (Estimated) ,890 5,50,557 Note: April-July 2017 imports are based on actuals and for August 2017 to March 2018, the imports are estimated at $ 55/bbl and Rs. 65/$. Impact of variation in Crude oil price & Exchange rate on Crude oil imports for August March 2018 : If crude prices increase by one $/bbl - Net Import bill increases by Rs crores ($ 1.10 bn) If exchange rate of $ increases by Rs. 1/$ - Net Import bill increases by Rs.6030 crores ($ 0.92 bn) 7. Self-sufficiency in petroleum products (Million Metric Tonnes) Details (P) April-July (P) Indigenous crude oil processing : Products from indigenous crude (93.3% of crude oil processed) Products from fractionators (Including LPG and Gas) Total production from indigenous crude & condensate (2 + 3 ) Total domestic consumption % Self-sufficiency (4 / 5) 19.1% 17.9% 19.0% 18.7% 18.0% 17.5% July (P) 7 Snapshot of India's Oil & Gas data - July, 2017

9 Company IOCL 8. Refineries: Installed capacity and crude oil processing (MMTPA / MMT) Crude oil processing (MMT) Installed capacity ( ) (MMTPA) Refinery July (P) April-July (P) (Actual) (Target)* (Actual) (Target)* Barauni (1964) Koyali (1965) Haldia (1975) Mathura (1982) Panipat (1998) Guwahati (1962) Digboi (1901) Bongaigaon(1979) Paradip (2016) IOCL TOTAL (P) CPCL Manali (1969) CBR (1993) CPCL-TOTAL BPCL Mumbai (1955) Kochi (1966) BORL Bina (2011) NRL Numaligarh (1999) BPCL-TOTAL Snapshot of India's Oil & Gas data -July, 2017

10 Company Refinery (Actual) (Target)* (Actual) (Target)* ONGC Tatipaka (2001) MRPL Mangalore (1996) ONGC TOTAL HPCL Mumbai (1954) Visakh (1957) HMEL Bathinda (2012) HPCL- TOTAL RIL* Jamnagar (DTA) (1999) Jamnagar (SEZ) (2008) EOL Vadinar (2006) All India * RIL target for is previous year crude processing. Note: Some sub-totals/ totals may not add up due to rounding off at individual levels. 9. Major crude oil and product pipeline network ONGC OIL Cairn HMEL IOCL BPCL HPCL Other Total Length (KM) 1,191 1, ,017 5, ,299 Cap (MMTPA) Length (KM) ,491 1,936 3,333 2,688 16,102 Cap (MMTPA) Crude Oil (as on ) Products (as on ) Other includes GAIL and Petronet India. Installed capacity ( ) (MMTPA) (P) Crude oil processing (MMT) July (P) April-July (P) 9 Snapshot of India's Oil & Gas data - July, 2017

11 10. Gross Refining Margins (GRM) of refineries ($/bbl) Company Refinery Apr-Jun'2017 Barauni Koyali Haldia Mathura IOCL Panipat Guwahati Digboi Bongaigaon Paradip Average Kochi BPCL Mumbai Average HPCL Mumbai Visakhapatnam Average CPCL Chennai MRPL Mangalore NRL Numaligarh BORL RIL Bina Jamnagar Essar Vadinar * *Being unlisted company, quarterty results not declared.

12 11. GRM of North-East refineries excluding excise duty benefit ($/bbl) Company Refinery Apr-Jun'2017 Guwahati IOCL Digboi Bongaigaon NRL Numaligarh Production and consumption of petroleum products (Million Metric Tonnes) Products April 2016-March 2017 (P) July 2016 (P) July 2017 (P) April-July 2016 (P) April-July 2017 (P) Prod n Consump n Prod n Consump n Prod n Consump n Prod n Consump n Prod n Consump n LPG MS NAPHTHA ATF SKO HSD LDO LUBES FO/LSHS BITUMEN OTHERS ALL INDIA Growth (%) 5.0% 4.9% 8.0% 8.8% -2.8% 1.1% 8.5% 9.9% 0.6% 2.6% Note: Prod n - Production; Consump n - Consumption 11 Snapshot of India's Oil & Gas data -July, 2017

13 LPG category (P) July (P) April-July (P) Gr (%) Gr (%) 1. PSU Sales : LPG-Packed Domestic LPG-Packed Non-Domestic LPG-Bulk Auto LPG Sub-Total (PSU Sales) 2. Direct Private Imports Total (1+2) 13. LPG consumption (Thousand Metric Tonne) 17, , , , , , , , , , , , , , Kerosene allocation vs upliftment (Kilo Litres) (P) Q1, (P) Product Allocation Upliftment Allocation Upliftment Allocation Upliftment Allocation Upliftment Kerosene 89,75,538 88,78,352 86,85,384 85,36,752 69,33,030 66,78,447 13,13,472 12,75, Industry marketing infrastructure (as on ) (Provisional) Particulars IOCL BPCL HPCL RIL ESSAR SHELL Others Total POL Terminal/ Depots (Nos.) $ 2 6* 322 Aviation Fuel Stations (Nos.) @ 211 Retail Outlets (total) (Nos.) 26,212 13,983 14,412 1,400 3, ^ 59,595 LPG Distributors (total) (Nos.) (PSUs only) & 9,657 4,725 4,568 18,950 SKO/LDO agencies (Nos.) 3,904 1,001 1,638 6,543 LPG Bottling plants (Nos.) (PSUs only) & # 189 LPG Bottling capacity (TMTPA) (PSUs only) & 8,965 3,693 3,732 24~ 16,414 Rural ROs (Nos.) 7,051 2,492 3, , ,905 RGGLVY & new DKV (Nos.) & 2,924 1,470 1,417 5,811 LPG registered domestic consumers (Nos. crore) (PSUs only) & & As on ; $ RIL= 5 Terminals and 13 Mini Depots; *4 MRPL & 2 -1, ^MRPL-4 #NRL-1; ~NRL-24; DKV- Durgam Kshetriya Vitrak 12 Snapshot of India's Oil & Gas data-july, 2017

14 16. Natural gas at a glance (MMSCM) (Actual) (Target)* (Actual) (Target)* Details (P) July (P) April-July (P) (a) Gross production 32,249 31,897 2,705 2,990 2,859 10,449 11,539 10,916 - ONGC 21,177 22,088 1,824 2,051 2,055 6,996 7,892 7,784 - Oil India Limited (OIL) 2,838 2, , Private / Joint Ventures (JVs) 8,235 6, ,466 2,639 2,159 (b) Net production (excluding flare gas and loss) 31,129 30,848 2,620 2,796 10,109 10,624 (c) LNG import 21,388 24,686 1,962 1,922 8,203 7,852 (d) Total consumption including internal consumption (Net 52,517 55,534 4,582 4,718 18,312 18,476 production+import) (b+c) (e) Total consumption (in BCM) (f) Import dependency based on consumption {c/d*100} Note : Reconcile data for Prodcution, Net Prodcution and LNG import for and Coal Bed Methane (CBM) gas development in India Prognosticated CBM resources 92 TCF Established CBM resources 9.9 TCF Total available coal bearing areas 26,000 Sq. KM Exploration initiated 17,200 Sq. KM Blocks awarded 33 Nos. Production of CBM gas July, 2017 (P) MMSCM Production of CBM gas-cumulative April-July 2017 (P) MMSCM 13 Snapshot of India's Oil & Gas data - July, 2017

15 Kochi-Kottanad-Bengaluru-Mangalore Dabhol - Bengaluru (DBPL) Surat - Paradip Jagdishpur- Haldia-Bokaro Dhamra Mallavaram Bhopal - Bhilwara Mehsana - Bathinda Bathinda - Jammu - Srinagar Kakinada - Vizag - Srikakulam Ennore - Nellore Ennore-Thiruvallur-Bengaluru-Puducherry- Nagapattinam-Madurai-Tuticorin Jaigarh-Mangalore Total Location Dahej Hazira Dabhol Kochi Network/ Region 18. Gas pipelines under execution / construction as on Promoters Petronet LNG Ltd (PLL) Hazira LNG Pvt Ltd (HLPL) RGPPL (GAIL - NTPC JV) Total Capacity Entity Length sanctioned (KM) 1,063 GAIL (India) Ltd 16 24"/18"/12" GAIL (India) Ltd "/30"/24"/18" GAIL (India) Ltd 2, "/24"/18" GAIL (India) Ltd GSPC India Transco Ltd GSPC India Gasnet Ltd GSPC India Gasnet Ltd AP Gas Distribution Co. Gas Transmission India Pvt. Ltd 2,539 2,042 2, /24"/18"/12 /8 /4 42 /36"/30"/24"/18"/12 36 /24 /18 /12 24 /18 /16 /12 /8 /6 24 /18 /8 /4 24 /18 Indian Oil Corporation Limited H-Energy Pvt..Ltd. 15 MMTPA 5 MMTPA 1, , Existing LNG terminals as on Capacity (MMTPA) MMTPA Design cap. (MMSCMD) MMTPA in phase-1 without break water to be increased to 5 MMTPA 17 Pipeline size 28 /24 /16 /12 /10 24" Capacity utilisation in % (Apr-Jun'2017) Petronet LNG Ltd (PLL) 5 MMTPA Snapshot of India's Oil & Gas data-july, 2017

16 Haryana 20. Status of PNG connections, CNG stations and CNG vehicles across India (Nos.) State Entity operating Geographical region Haryana City Gas, Adani Sonepat, Faridabad, Gurgaon Gas Limited, GAIL Gas Ltd. CNG stations PNG connections Domestic Industrial Commercial No. of CNG vehicles As on As on As on As on As on , ,25,227 Andhra Pradesh Bhagyanagar Gas Ltd Kakinada, Vijayawada 16 4, ,782 Telangana Bhagyanagar Gas Ltd Hyderabad 26 3, ,642 Assam Gas Co. Ltd Tinsukia, Dibrugarh, Sibsagar, Assam 0 30, ,012 0 Jorhat, Golaghat Sabarmati Gas Ltd, Gandhinagar, Mehsana, Gujarat Gas Ltd, Adani Sabarkantha, Nadiad, Halol, Energy Ltd, Vadodara Hazira, Rajkot, Khambhat, Gas Ltd, Hindustan Karjan-Palej, Valsad, Navsari, Petroleum Corporation Surendernagar, Vadodara, Gujarat Ltd, Charotar Gas Sahakari Mandal Ltd Ahmedabad, Surat, Ankleshwar, Bharuch & surrounding areas, Bhavnagar, Jamnagar, Vapi, Anand ,88,373 4,344 17,216 11,59,346 Aavantika Gas Ltd, GAIL Dewas, Vijaipur, Indore Madhya Pradesh Gas Ltd including Ujjain, Gwalior, 24 16, ,127 Pithampura Rajasthan GAIL Gas Ltd Kota , Snapshot of India's Oil & Gas data -July, 2017

17 Maharashtra Tripura West Bengal 20. Status of PNG connections, CNG stations and CNG vehicles across India (Nos.) State Entity operating Geographical region CNG stations PNG connections Domestic Industrial Commercial No. of CNG vehicles As on As on As on As on As on Mumbai, Greater Mumbai, Thane & adjoining contiguous areas including Mira Bhayender, Navi Mumbai, Thane City, Ambernath, Mahanagar Gas Ltd, Bhiwandi, Kalyan, Dombivily, Maharashtra Natural Badlapur, Ulhasnagar, Panvel, Gas Ltd, GAIL Gas Ltd, Kharghar & Taloja, Pune City Gujarat Gas Limited including Pimpri ,39, ,438 7,07,735 Chinchwad and adjoining contiguous areas of Chakan, Hinjewadi, Talegaon GA & Thane Rural. Tripura Natural Gas Agartala Co. Ltd 5 30, ,627 Great Eastern Energy Kolkata Corporation Ltd ,219 Uttar Pradesh GAIL Gas Ltd, Sanwariya Gas, Green Gas, Central U.P. Gas, Siti Energy Ltd 55 55, ,19, Snapshot of India's Oil & Gas data -July, 2017

18 State 20. Status of PNG connections, CNG stations and CNG vehicles across India (Nos.) PNG connections Domestic Industrial Commercial As on As on As on As on As on New Delhi Indraprastha Gas Ltd NCT of Delhi (Including Noida & 420 7,63,479 1,003 1,953 9,77,791 Ghaziabad) Karnataka Gail Gas Ltd. Bengaluru 3 2, Chandigarh IndianOil- Adani Gas Chandigarh 2 3, ,500 Kerala IndianOil- Adani Gas Ernakulam Dadra & Nagar Dadra & Nagar Gujarat Gas Ltd. Haveli Haveli Total 1,237 37,02,095 6,875 24,602 31,75, Major natural gas pipeline network Nature of pipeline GAIL Reliance GSPL ARN IOCL ONGC Total Length (KM) 11,077 1,784 2, ,454 Cap (MMSCMD) 242* Natural gas (as on ) Entity operating Geographical region CNG stations *GAIL's pipeline cap. inclusive of CJPL (5 MMSCMD) and DBPL (31 MMSCMD) which is the extension of DVPL-2 / VDPL. 22. Domestic natural gas price and gas price ceiling No. of CNG vehicles Period Domestic Natural Gas price in US$/MMBTU Gas price ceiling in US$/MMBTU (GCV basis) (GCV basis) November March April September 2015 October March April September 2016 October March April September Snapshot of India's Oil & Gas data-july, 2017

19 23. Information on Prices, Taxes and Under-recoveries Price buildup of petroleum products (Rs./litre/Cylinder) International prices/ Exchange rates ($/bbl) Particulars Apr-Jul' 17 Particulars Petrol* Diesel* Crude (Indian Basket) Price before taxes and dealer commission Petrol Central taxes Diesel State taxes Kerosene Dealer commission LPG ($/MT) Retail selling price (RSP) FO ($/MT) Naphtha ($/MT) Particulars PDS SKO* Sub. Dom LPG* Exchange (Rs./$ ) Price before taxes and Customs & excise duty rates (w.e.f ) dealer commission Product Basic customs duty Excise duty GST rates GST Petrol 2.50% Rs 21.48/Ltr ** Dealer commission Diesel 2.50% Rs 17.33/Ltr ** Retail Selling Price PDS SKO Nil Nil 5.00% Less cash compensation (CC) under DBTL Non-PDS SKO 5.00% Nil 18.00% CC by OMCs towards uncompensated cost Sub. Dom LPG Nil Nil 5.00% Effective cost to consumer after subsidy Non Domestic LPG 5.00% Nil 18.00% * SKO at Mumbai, Petrol and diesel at Delhi as on 16th August, 2017 and LPG as on Furnace Oil (Non-Fert) 5.00% Nil 18.00% 1st August 2017 at Delhi. RSP of Subsidized Dom LPG rounded. Naphtha (Non-Fert) 5.00% Nil 18.00% ATF Nil 14% * ** Change in Ex. Rate/ Crude price : Impact on under-recoveries Crude Oil Nil+Rs.50/ -MT as (Rs. Crores) Rs.1/$ Ex. Rate $1/bbl Crude NCCD ** Impact on under-recovery 820 1,120 Nil+ Cess@ 20%+Rs.50 /-MT NCCD *8% for scheduled commuter airlines from regional connectivity scheme airports; ** Petrol, Diesel, ATF, Natural Gas and Crude oil are outside GST regime. Note: The above calculation for SKO & LPG are based on RTP for August 2017 at level of Crude Price $46.89/bbl & Ex. Rate Rs /USD. 18 Snapshot of India's Oil & Gas data -July, 2017

20 23. Information on Prices, Taxes and Under-recoveries Under-recoveries & burden sharing Sales & profit of petroleum sector (Rs. Crores) Product Apr-Jun'2017 April 2017-June 2017 Turnover PAT Per unit under-recovery (Rs./litre/Cylinder) Upstream Companies (PSU) 32,540 5,361 Diesel Deregulated Deregulated Deregulated Downstream Companies (PSU) 250,679 6,218 PDS SKO Standalone Refineries (PSU) 23, Sub. Dom LPG * * * Private-RIL 70,434 8,196 Total under-recoveries including DBTL (Rs. Crores) Borrowings of OMCs (Rs. Crores) Diesel Deregulated Deregulated Deregulated Company As on Mar`16 As on Mar`17 As on June`17 PDS SKO 11,496 7,595 1,280 IOCL 52,469 54,820 34,922 Sub. Dom LPG# 16,074 12,133 5,039 BPCL 15,976 23,159 17,917 Total 27,570 19,728 6,319 HPCL 21,337 21,250 12,208 Burden sharing (Rs. Crores) Particulars Government Upstream OMCs Petroleum sector contribution to Central/State Govt Apr-Jun'2017 Particulars Apr-Jun' ,301 19, ** Central Government 2,58,443 3,34,534 63,458 1, % to total revenue receipt 21% 24% State Governments 1,60,209 1,89,770 51,050 % to total revenue receipt 8% 8% - Scheme was extended till Total (Rs. Crores) 4,18,652 5,24,304 1,14,508 Fiscal subsidy under Govt. schemes (Rs. Crores) PDS SKO Sub. Dom LPG *Average of DBTL and under-recovery towards non-dbtl; #Includes subsidy under DBTL ( : Rs.16,056 Cr). ** Govt compensation pending sanction for PDS-SKO (Apr - June' 17 ) Rs 1280 Cr. Subsidy as a % of GDP (at current prices) Particulars Petroleum subsidy Note - GDP figure for are 2 nd RE, are RE and are PE 19 Snapshot of India's Oil & Gas data -July, 2017

21 24. Capital expenditure of PSU oil companies April-July Company (P) (P) Target* 2017 (P) ONGC Videsh Ltd (OVL) 35,357 7,172 6,783 18,360 7,088 1,563 ONGC Ltd 32,470 29,997 29,502 28,010 29,968 8,124 Oil India Ltd (OIL) 9,351 3,774 3,550 10,514 9,252 1,072 GAIL (India) Ltd 4,070 1,632 1,880 2,180 3, Indian Oil Corp. Ltd. (IOCL) 16,661 14,314 14,368 21,918 20,162 5,479 Hindustan Petroleum Corp. Ltd (HPCL) 2,642 2,670 5,459 5,861 7,110 1,329 Bharat Petroleum Corp. Ltd (BPCL) 4,374 6,875 10,926 16,810 7,101 1,828 Mangalore Refinery & Petrochem Ltd (MRPL) 1,449 2,747 1, , Chennai Petroleum Corp. Ltd (CPCL) ,318 1, Numaligarh Refinery Ltd (NRL) , Balmer Lawrie Co. Ltd (BL) TOTAL 1,07,095 69,830 75, ,133 87,228 20,674 * Targets are for full financial year and actual is for April-July, Budget Estimates are for both Plan and Non-Plan 20 Snapshot of India's Oil & Gas data - July, 2017

22 25. Conversion factors and volume conversion Weight to volume conversion Volume conversion Product Weight Volume Barrel (MT) (KL) (bbl) From To LPG US Barrel (bbl) 159 litres Petrol (MS) US Barrel (bbl) 42 US Gallons Diesel (HSD) US Gallon 3.78 litres Kerosene (SKO) Kilo litre (KL) 6.29 bbl ATF Million barrels per day 49.8 MMTPA Light Diesel Oil (LDO) Energy conversion Furnace Oil (FO) Kilocalorie (kcal) kj Crude Oil Kilocalorie (kcal) Btu Exclusive Economic Zone 1 Kilowatt-hour (kwh) 860 kcal 200 Nautical Miles Kilometers 1 Kilowatt-hour (kwh) 3,412 Btu Natural gas conversions 1 Standard Cubic Metre Cubic Feet 1 MMBTU 25.2 kcal/scm 1 BCM/year of Gas 2.74 MMSCMD GCV (Gross Calorific Value 10,000 kcal/scm 1 TCF of Gas Reserve 3.88 MMSCMD NCV (Net Calorific Value) 90% of GCV Gas required for 1 MW 1 MMTPA of LNG 3.60 MMSCMD 4,541 SCM/day power generation Power generation from 1 MT of LNG 1,314 SCM 220 MW 1 MMSCMD of gas 21 Snapshot of India's Oil & Gas data -July, 2017