CERAWEEK India’s Cairn reduces output 10% due to shipping complications from Middle East crisis

HOUSTON: Cairn Oil & Gas, India’s largest private ​oil and gas ‌producer, has reduced output by 10% from 110,000 barrels ​per day due ​mainly to shipping logistic complications ⁠caused by the ​Middle East crisis, said ​Cairn founder Anil Agarwal on Wednesday.

Agarwal said the company does ​not expect to ​reduce output further than that. Cairn, ‌part ⁠of Vedanta Limited, aims to increase output by 500,000 bpd in ​the next ​five ⁠years.

Agarwal, who is also Vedanta chair, ​added it is ​important ⁠India invest in its own resources to reduce ⁠dependence ​on energy ​supplies from elsewhere.