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Rajasthan signs MoUs

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World Pipelines,

As a precursor to the forthcoming Resurgent Rajasthan Partnership Summit 2015, the government of Rajasthan today signed Memoranda of Understanding (MoUs) worth Rs. 30 530 crore with nine petroleum companies in Jaipur. The Union Minister of State, Ministry of Petroleum & Natural Gas (Independent Charge), Mr. Dharmendra Pradhan; the Chief Minister, Rajasthan, Smt. Vasundhara Raje; Minister of State for Mines & Petroleum (Independent Charge), Mr. Rajkumar Rinwa; and the Chief Secretary, Government of Rajasthan, Mr. CS Rajan were present on the occasion.

Signing the MoUs

On behalf of the government, Principal Secretary, Mines and Petroleum, Government of Rajasthan, Mr. Ashok Singhvi signed the MoUs with public sector, MNC and private companies in the petroleum sector.

The Chief Minister, Smt. Vasundhara Raje said on the occasion: "This MoU signing ceremony is an appropriate curtain raiser for the Resurgent Rajasthan Partnership Summit 2015. The state government shall provide all possible assistance to the investors, who for us are partners in development. These MoUs will facilitate city gas distribution, pipeline network and terminals for exploration, as well as production activities."

Proposed refinery project

The Chief Minister also said that the government was committed to setting up the proposed refinery project in the State since the domestic crude produced was being exported without any value addition. Incentives would be offered as required, and the review report of the refinery project would be submitted to the central government by the end of the month. She said petroleum and its products 'fuel' economies, and were symbols of prosperity.

The Union Minister of State, Ministry of Petroleum & Natural Gas (Independent Charge), Mr. Dharmendra Pradhan also assured that the refinery project would be considered for setting up in Rajasthan once the review report of the refinery project was received. He said that efforts would be made to convert Jaipur - Delhi route into a green energy corridor.

He further added that the MoUs would facilitate infrastructure projects in oil and gas exploration.

The investment plan of the MoUs will be implemented over a period of three years from 2015.

Edited from various sources by Stephanie Roker

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