State-run oil and gas explorer Oil India (OIL) could produce only 3.701 million tonne of crude oil during 2012-13 compared to 3.884 million tonne in 2011-12 because of hostile work environment in Assam.
The company was targeted to explore 3.95 million tonne in 2012-13, but it could not and the figure was this year’s target. OIL posted a gross income of Rs 11,456.32 crore in 2012-13, while its net profit stood at Rs 3,589.34 crore.
The company said it incurred Rs 200 crore of loss in Assam in 2012-13 owing to a ‘hostile work environment’, but clarified that it was not targeted at ‘public organisations’ and expressed regret if it had.
Sunil Kumar Srivastava, Chairman and MD of OIL informed reporters that the firm had 290 instances of bandhs, threatenings, blockades and other hostile activities in last fiscal in three districts of Assam — Tinsukia, Dibrugarh and Sivasagar. This led to a total loss of around Rs 200 crore.
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