India will save $9 billion in its oil import bill with the beginning of production from
Reliance Industries' eastern offshore KG D-6 fields, said Petroleum Secretary R S Pandey.
"Yesterday (Wednesday) evening, as RIL has informed us, production has begun," he told reporters.
The initial output was at 2.5 million standard cubic metre and will gradually increase. "Tomorrow (Friday), it will become five million standard cubic metre per day," Pandey said.
Image: Reliance Industries' KG-D6 floating production storage and offloading vessel is seen off the Bay of Bengal. | Photograph: Reuters
Also read: PM's message at G-20: Shun protectionism
|Live updates on money.rediff.com