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Assam to become petroleum hub: Pradhan

Currently Centre is investing about Rs 6,000 crore in Assam, he says

Policy Pulse
Publish Date: Jun 25 2016 11:21AM | Updated Date: Jun 25 2016 4:49PM

Assam to become petroleum hub: Pradhan

 With Union Government planning to increase capacity of four Assam refineries from current  7 million tonnes per annum (MTPA) to 16 MTPA around in the next 10 years, the state is also set to become the petroleum hub for Southeast Asia, Union petroleum minister Dharmendra Pradhan has said.

Centre has drawn up a plan to raise the capacity of Assam’s four refineries to 16 MTPA. With more quantity of crude oil to be given to state West Africa and Nigeria, Assam will become India’s petroleum hub for Southeast Asian region, the minister said in Guwahati, as per report by ‘The Economic Times’. 
Government has planned to invest Rs 1.30 lakh crore in petroleum sector in the region in the next 14 years, of which at least Rs 80,000 crore will be invested in the state alone. 
He further added that currently Centre is investing about Rs 6,000 crore in Assam.
Hydrocarbon Vision 2030 for Northeast also envisages to raise storage capacity for petroleum products and LPG in the region, for which 5,000 km of pipelines was also in the offing, said the minister.