Inflation eases to 26-month low in Jan
India's headline inflation slowed to its lowest level in more than two years in January as food prices fell, increasing the pressure on the RBI to cut rates to battle the country's economic slowdown. Full Article
Reuters Showcase
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
India's GSPC finds more gas in east coast block
NEW DELHI, July 16 |
NEW DELHI, July 16 (Reuters) - Indian exploration firm Gujarat State Petroleum Corp (GSPC) has found more gas in its deepwater block in the Krishna Godavari basin, off India's east coast, the upstream regulator, V.K. Sibal, said on Wednesday.
"They have informed us about the new gas discovery. It is in a new well -- KG-22," Sibal told Reuters.
"From the initial observations, production testing is not yet complete, reservoir quality seems to be good," Sibal said.
A GSPC official confirmed the find.
"We have found gas in the KG-22 well. Initial flow has been 27.3 mmscfd (million cubic feet a day) through a choke size of 28/64 inches," GSPC General Manager M.Y. Farooqui told Reuters. (Reporting by Nidhi Verma, Editing by Mark Williams)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints






Follow Reuters