India’s crude output will surge by a quarter in phases commencing next month when Scottish explorer Cairn Plc’s Indian arm, listed on the Bombay Stock Exchange, begins pumping from the Mangla field of its Rajasthan acreage. At an optimum production level, the acreage is estimated to reduce India’s oil import bill by $6.8 billion, or 7%.

Cairn India CEO Rahul Dhir stated:

We are operationally ready to commence oil production in August.

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