Gas and diesel refinery output in Papua New Guinea falls in May 2018

Compared to the previous month the indicator diminished by 18.42%, according to numbers issued by JODI Data. Gas and diesel oil production fell by 52.24 thousand barrels, compared with the prior month when it rose by 46.92%. The statistics reached 330.57 thousand barrels in May 2017, which is a 7.48 percent variation in comparison to the prior month of 2017. When considering the year-on-year setting, a -30.01% diminution can be noted between May 2017 and the same month the year after. Papua New Guinea saw a fall of 7.92% in gas and diesel oil production during the last 11 years. In comparison with its average, the gas and diesel oil production is now smaller as the mean equals 259.99 thousand barrels with a overall increase since the start of time series. It attained its all-time high of 436.33 thousand barrels in March 2017 and record low of 50.04 thousand barrels in October 2014.