KG Basin to see $30 billion investment in 10 years: Oil minister Dharmendra Pradhan

KG Basin to see $30 billion investment in 10 years: Oil minister Dharmendra Pradhan

India’s gas output and refining capacity is poised to jump in the decade ahead, oil minister Dharmendra Pradhan said.

In an interview to ET, Pradhan said Indian refineries would easily switch from transportation fuels to petrochemicals if needed. The minister also spoke about the proposed merger of state firms and how India was driving a hard bargain with oil cartel OPEC to extract better deals. Edited excerpts:

It’s been three years as minister. How has it been?
The vote in 2014 was of hope and aspiration. People had voted against the previous system of governance. They expected Prime Minister Narendra Modi to give an outcome-oriented, performance-oriented, transparent, accountable and corruption-free government. It has been a privilege for me to be part of such a government. In three years, we are satisfied that we have been able to make many humble efforts. We still need to do many things in the rest of the term. Read More…

 

 

 

Credit By: ET Energy World

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