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

EIA: July Brent prices drop on reduced market risk

08/25/2014 In the August issue of its Short-Term Energy Outlook (STEO), the US Energy Information Administration maintains its 2014 US liquid fuels consumptio...

AFPM: Shale boom sparks need for petchem workers

04/07/2014 The current boom in shale resource development has sparked an urgent need in the petrochemical industry for technically skilled workers to build, o...

IHS International: US poised to lead world exports of LPG

03/25/2014 US shale gas development has the country poised to become a major global supplier of LPG, mainly to Asia, during 2015-20 with US exports outdistanc...

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...

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