The Vice President Shri M Venkaiah Naidu today asked the Union Minister for Petroleum < Natural Gas and Steel, Shri Dharmendra Pradhan to expedite all petroleum projects at various stages of implementation in Andhra Pradesh. The Union Minister assured the Vice President that all necessary steps will be taken to fast-track all the projects in Andhra Pradesh.
In the meeting held in Chairman’s Chamber in Rajya Sabha, Shri Naidu sought the status of setting up of the Greenfield Petrochemical Complex at Kakinada with an investment of around 32,000 crores for producing 1.7 MMTPA of petrochemical products. The project is being undertaken by Hindustan Petroleum Corporation Limited (HPCL) and GAIL India Ltd with the support of the Andhra Pradesh Government.
The Minster and accompanying officials from GAIL informed the Vice President that the Centre is keen on implementing this Petro Chemicals project as early as possible and is awaiting the state Government’s response on the specific financial modalities for funding the project as it is being executed jointly in partnership with the state government.
ONGC officials apprised the Vice-President about ONGC`s offshore