State-owned Hindustan Petroleum Corp. Ltd., Mumbai, has revived plans for a 180,000-b/d refinery and petrochemical complex in the Barmer region of Rajasthan.
Company directors approved resumption of the project and the signing of a revised memorandum of understanding with the Rajasthan government.
The original project was a joint venture with HPCL holding a 74% interest and the state government 26%.
Half the crude feedstock was to have come from Cairn India Ltd.’s Barmer Block fields. The other half was to be a mix of Arab crudes.
The project stalled in 2014 in a political dispute over financing. India’s Ministry of Petroleum and Natural Gas in November requested a new detailed feasibility report from Engineers India Ltd.
Cairn India and partners produce about 157,000 b/d from their Rajasthan Block, mostly from Mangala, Bhagyam, and Aishwariya fields with additional production from Raageshwari and Saraswati fields.