Rajasthan produces about 24% of national oil production and 3% of national gas production
Government of Rajasthan has signed nine Memorandum of Understanding (MOU) with Public and Private sector oil and gas companies. Four PSUs ( IOC,ONGC,OIL and GAIL) signed MoUs regarding their existing and future activities in the state.Addressing the gathering at the MoU signing ceremony, Dharmendra Pradhan, Minister of State (I/C) for Petroleum & Natural Gas applauded the contribution of Rajasthan in national oil and gas production. The state produces about 24% of national oil production and 3% of national gas production. He stated that the State has more potential and in coming years there will be enhanced oil and gas production activities.
Dharmendra Pradhan assured that the Government is committed for cooperative federalism and the rights of people of Rajasthan will be protected at all costs. He also assured that all issues regarding the Petroleum Refinery (that is proposed to be set up in Barmer,Rajasthan but is languishing for long) will be resolved at an early date so that the refinery sees the light of the day.
Later petroleum minister co-chaired a meeting with Rajasthan Chief Minister Vasundhara Raje Scindhia where various oil and gas issues including exploration and production, marketing, pipeline and refining were discussed. It was agreed to introduce various measures of ease of doing business to give a boost to this sector.
Powered by Capital Market - Live News
