Production Slumps By 40% At India’s Biggest Oil, Gas Deposit

Oil and gas production from India’s northwestern state of Rajasthan—home to the country’s single biggest oil and gas deposit—has slumped by 40 percent over the past two years, mostly due to the pandemic and its effect on oil demand and prices, officials told Hindustan Times on Friday. Alongside with lower production of oil and gas, the state of Rajasthan saw its revenues from hydrocarbon production decline last year. The area around Barmer is the biggest source of domestic oil and natural gas for India after crude oil and…