MoU for construction in Barmer district to be signed soon

Decks have been cleared for setting up the much-awaited oil refinery in Rajasthan with the Hindustan Petroleum Corporation Limited (HPCL) board members approving the State Government’s proposal in this regard. A memorandum of understanding for construction of refinery in Barmer district is likely to be signed here next week.

The project’s cost is estimated to be in the range of Rs.36,000 crore to Rs.40,000 crore, which would be the biggest ever investment in the desert State. The State Government, which has been demanding installation of refinery since crude oil was discovered in the Barmer-Sanchore basin, gave in-principle approval to provide a financial package of Rs.3,376 crore to HPCL last month.

Chief Minister Ashok Gehlot said after being interrupted by the Opposition BJP during his Budget speech in the State Assembly here on Wednesday that Union Petroleum Minister M. Veerappa Moily had congratulated him for getting the country’s 19th oil refinery in the State.

“This landmark achievement will speed up the growth of Rajasthan and generate employment opportunities on an unimaginable scale,” said Mr. Gehlot amid the din created by the BJP over some of his relatives getting sandstone mining contracts in his home district, Jodhpur.

Later while interacting with journalists Mr. Gehlot said the Opposition party had tried to mislead the people claiming that the oil extracted in Rajasthan would go to the Bathinda refinery. “The fact is that the then Prime Minister Atal Bihari Vajpayee had decided the refinery’s location in Bathinda in 1998 and it had no connection with Rajasthan,” he said.

  • MoU for construction in Barmer district to be signed soon

  • Project to cost between Rs.36,000 crore and Rs.40,000 crore