India approves Gujarat aromatics, olefins complex

Shirish Nadkarni
OGJ Correspondent

MUMBAI, Aug. 16 -- India has approved a $1.05 billion aromatics and olefins complex that Oil & Natural Gas Corp. plans to build next to its subsidiary Mangalore Refinery & Petrochemicals Ltd. and its Dahej petrochemical complex in Gujarat, India.

At the same time, the government is discouraging ONGC, the country's largest oil and gas producer, from foraying into fuel retailing.

"Worldwide, refineries are being converted into refinery-cum-petrochemical complexes to gain from the high margins on petrochemicals," said Petroleum Sec. M.S. Srinivasan. "Naturally, ONGC would also be encouraged to set up petrochemical complexes wherever they have refineries or have a natural gas source," he said.

Related Articles

Watching Government: Propane's 'perfect storm'

03/17/2014 If anyone wants to consider where oil and gas product distribution can go haywire, the recent domestic propane "perfect storm" bears exam...

Winter weather effects

03/17/2014

Much of the US has experienced unrelenting cold weather during January and February.

Energy optimization drives design for Saudi Aramco NGL-recovery plant

02/03/2014 Designing a grassroots NGL-recovery plant in the empty quarter of Saudi Arabia required formulation of energy optimization initiatives because the ...

US C3 balances to tighten, prices to rise over winter months

11/04/2013 Propane supply-demand balances in US markets are poised to be much tighter in winter 2013 than during winters of 2011 and 2012. Tighter supply-dema...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected