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Pradhan, Maha CM discuss setting up of oil refinery

oil refinery

Mumbai : Union Petroleum and Natural Gas Minister Dharmendra Pradhan met Maharashtra Chief Minister Devendra Fadnavis today to discuss setting up of an integrated oil refinery in Konkan region of the state.

“I am thankful to Dharmendra Pradhan for a productive meeting on setting up of an integrated oil refinery in Konkan region of Maharashtra. This project on the west coast is the biggest of our nation and will help accelerate the economic development of Konkan region and in turn Maharashtra,” Fadnavis said.

He said this integrated project is unique as it has 30 per cent green belt, that will be jointly implemented by Centre, Maharashtra government, along with three state-owned oil marketing companies — Indian Oil (IOCL), BPCL and Hindustan Petroleum (HPCL).

Fadnavis said the oil refinery will bring in investment worth over Rs 1 lakh crore in the state and will generate an employment for about 1 lakh people.

“This will give boost to down stream industries in the state,” he added.

Maharashtra consumes about 18 million tonnes of petroleum products every year, which is expected to increase significantly in the coming years.

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