Home / Knowledge / News / Textiles / Upper house of Parliament approves outlay for Oil PSUs
Upper house of Parliament approves outlay for Oil PSUs
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

Bangladesh jute industry at risk due to old technology

Textiles | On 18th Dec 2018

Bangladesh jute industry at risk due to old technology

Bangladesh’s jute industry is losing productivity and competitiveness ...

Cotton trading pace slows down in Brazilian market

Textiles | On 18th Dec 2018

Cotton trading pace slows down in Brazilian market

With the low quality of the batches available in the Brazilian market ...

Courtesy: Destination Maternity

Apparel/Garments | On 18th Dec 2018

Destination Maternity reports sales of $92.8 mn in Q3

Destination Maternity Corporation, the world’s leading maternity...

Interviews View All

Top executives, Association

Top executives

'Support and Outreach' huge relief for MSMEs

Victor Chao, Esmetex

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

C Kamatchisundaram, Voltas

C Kamatchisundaram

ITME is an occasion not only to receive new leads but also to work on...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Himanshu Jariwala,

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Suresh P Bagrecha,

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi, SVA

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Amiben Shroff, Shrujan

Amiben Shroff

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

December 2018

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

news category

Related Categories:

Advanced Search