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Venkaiah Naidu stresses on expediting oil exploration projects

Press Trust of India  |  Visakhapatnam 

M Venkaiah today asked companies to expedite projects to increase the production and new exploration of and gas to meet the country's

"I suggest you to work hard to expedite projects to increase the production and new explorations of and gas to meet the of the country," he told the heads of three companies at a programme here.

The and Managing Directors of ONGC, Hindustan Petroleum Corporation Limited and Gas Authority of India Limited, gave presentations, explaining to the the ongoing projects in different parts of the country, with special focus on

advised the companies to expedite projects in and sort out issues, if any, with the state government and become partners in the progress of the nation.

"is a progressive stateand you should sort out the issues, if any, and get the projects going," he said adding import dependence for oil and gasshould be reduced substantially.

He suggested to the to establish a corporate office in Andhra Pradesh to look after the needs of the

said he was given to understand that projects entailing investment of more than Rs 1,10,000 crore were currently in progress, or to be taken up shortly, in the state.

HPCL and Managing Director M K Surana said the company was investing roughly Rs 31,000 crore in projects in Andhra Pradesh.

CMDs of GAIL and explained about the projects undertaken by the companies in the state.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 20:55 IST