Cairn Oil & Gas, India’s
largest private oil and gas producer, has reduced output by 10%
from 110,000 barrels per day due mainly to shipping logistic
complications caused by the West Asia crisis, said Cairn
founder Anil Agarwal on Wednesday.
Agarwal said the company does not expect to reduce output
further than that. Cairn, part of Vedanta Limited,
aims to increase output by 500,000 bpd in the next five years.
Agarwal, who is also Vedanta chair, added it is important
India invest in its own resources to reduce dependence on energy
supplies from elsewhere.