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"Government has now agreed for private refiners to qualify as additional offtakers of the Rajasthan crude," Cairn India said in a statement.
Cairn, which began production from its Rajasthan fields in August-end, till now could sell the crude oil only to state-run companies. Indian Oil Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals had been nominated by the government to buy the Rajasthan crude.
Not only were the volumes committed by the state-run firms way short of the output from the Barmer district fields, IOC and HPCL had not begun offtaking their committed quota, necessitating roping in of private firms.
The three refiners have committed to taking 0.7 million tonnes of output during the remainder part of the current fiscal and 2.4 million tonnes in the next fiscal, a far cry from the planned production from Rajasthan.
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