Paradip refinery project to be completed by 2010-11
The Rs 35,000 crore revised refinery-cum-petrochemicals project of the Indian Oil Corporation (IOC) at Paradip in Orissa will be completed by 2010-11, the Union Minister for Petroleum and Natural Gas, Murli Deora has said.
By PTI |
BHUBANESWAR: The Rs 35,000 crore revised refinery-cum-petrochemicals project of the Indian Oil Corporation (IOC) at Paradip in Orissa will be completed by 2010-11, the Union Minister for Petroleum and Natural Gas, Murli Deora has said.
The Paradip project was high on IOC's priority and over Rs 1,000 crore would be spent immediately on site development work, Deora assured Orissa Chief Minister Naveen Patnaik at New Delhi yesterday.
Patnaik, who called on the union minister, thanked him for upscaling the project from a 9 mmtpa petroleum refinery to a 15 mmtpa refinery-cum-petrochemicals complex and suggested that the IOC should act as the anchor tenant for promoting a petrochemicals and petroleum refinery investment region at Paradip, an official release here said.
Both Deora and Patnaik agreed to put in place a high level joint task force for this purpose, it said.
The chief minister also requested for intensifying ONGC's oil exploration activity in the state.
The Paradip project was high on IOC's priority and over Rs 1,000 crore would be spent immediately on site development work, Deora assured Orissa Chief Minister Naveen Patnaik at New Delhi yesterday.
Patnaik, who called on the union minister, thanked him for upscaling the project from a 9 mmtpa petroleum refinery to a 15 mmtpa refinery-cum-petrochemicals complex and suggested that the IOC should act as the anchor tenant for promoting a petrochemicals and petroleum refinery investment region at Paradip, an official release here said.
Both Deora and Patnaik agreed to put in place a high level joint task force for this purpose, it said.
The chief minister also requested for intensifying ONGC's oil exploration activity in the state.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
