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ONGC oil output bucks the trend after 8 years of decline

By Economic Times - 14 hours ago
ONGC's crude oil production is rising after eight years of decline, thanks to a new field in the KG Basin and improved performance at Mumbai High. November saw a 3% year-on-year increase, accelerating to 4.2% in December. This positive trend is expected to continue, potentially leading to the first annual production growth since 2015-16.

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