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$9 billion! That's how much India will save with the RIL KG D-6

April 2, 2009

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

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