Home / Knowledge / News / Textiles / Upper house of Parliament approves outlay for Oil PSUs
Upper house of Parliament approves outlay for Oil PSUs
05
Mar '08
The approved outlay for all Oil PSUs during the XI Five Year Plan period (2007-2012) is Rs. 229071.59 crore. With this proposed investment, the Oil PSUs would undertake all activities in the oil and gas sector, such as, Exploration and Production; Refining and Marketing; Petrochemicals and Engineering.

The proposed investment by Oil PSUs during the XI Plan period would help in meeting the growing energy needs of the Indian economy.

By the end of XI Plan, the domestic crude oil production is estimated to increase to 206.76 Million Metric Tonnes(MMT) as against the X Plan production of 166.56 MMT.

Similarly, the domestic Natural Gas production is likely to increase to 255.76 Billion Cubic Metres (BCM) as against the X Plan production of 158.86 BCM. From overseas sources, during the XI Plan, the production of crude oil and natural gas is targeted to be 35.51 MMT and 9.67 BCM respectively.

The Refining Capacity is projected to go up to 240.96 Million Metric Tonnes Per Annum (MMTPA) in the terminal year of XI Plan as against 148.97 MMTPA at the end of X Plan. In fact, the country is expected to have surplus refining capacity of about 108 MMTPA by end of XI Plan.

The above information was given by the Minister of State for Petroleum & Natural Gas Shri Dinsha Patel in a written reply in the Rajya Sabha.

Press Information Bureau Government of India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search