India’s production of crude oil, continued to decline in December, with lower output from the State-owned ONGC leading to an almost 2% drop.
Oil production in December was 2.51 million tonnes, down from 2.55 million tonnes a year earlier and a target of 2.6 million tonnes. The output was, however, higher than 2.43 million tonnes produced in November 2021.
ONGC, India’s biggest producer, produced 3% less crude oil at 1.65 million tonnes in December due to delays in mobilising equipment at western offshore fields.
Indonesian parliament formally approved a bill giving go-ahead to shifting the national capital from Jakarta to Kalimantan on Borneo. New name of the capital will be Nusantara.
First article of the bill formalised the name of the new capital Nusantara and defined the status of the city, which will become the new political center of the country with all embassies and representative offices of foreign organizations transferred there.
Nusantara was declared a city of regional significance. Administration of Nusantara would become the state body responsible for managing the new capital.