Rajasthan signs MOUs worth Rs.30,530 crore with petroleum firms

Rajasthan government signed MOUs worth Rs.30,530 crore with nine petroleum companies here on Wednesday.

The MOUs were signed by state's Principal Secretary, Mines and Petroleum, Ashok Singhvi in the presence of union Petroleum and Natural Gas Dharmendra Pradhan, Rajasthan Chief Minister Vasundhara Raje and other senior government and petroleum company officials.

The MOUs signed included one with Cairn India Ltd for exploration & production in Block RJ-ON-90/1 at an investment of Rs.12,500 crore, with Focus Energy Ltd for exploration and production in Block RJ-ON-6 for an investment of Rs.3,730 crore, GAIL (India) for the CNG and CGD (city gas distribution) project and PEL (petroleum exploration licence) block with an investment of Rs. 3,000 crore; with Rajasthan State Gas Ltd. for the development of gas and pipelines infrastructure, CNG & CGD network worth Rs.2,700 crore and Indian Oil Corp Ltd. for CGD project and distribution network worth Rs.2,300 crore and Deep Industries Ltd. for the development of three onshore marginal fields located at Ghotaru, Bankia and Kharatar in Jaisalmer district for an investment of Rs.300 crore among others

"The investment plan of the MOUs will be implemented during the period of three years ranging from 2015 to 2018," said a statement.

Raje said that these MOUs will facilitate city gas distribution, pipeline network and terminals for exploration as well as production activities.

"We are committed to setting up refinery project in the state and a review report of the refinery project is likely to be submitted to the union government by the end of this month," she said.