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Business News

Aug 25, 2020

Govt. says, 8,363 projects, with an anticipated cost of Rs 5,88,000 have kick-started in oil & gas sector since April 2020

Government today said that eight thousand 363 projects, with an anticipated cost of five lakh 88 thousand crore rupees, have been kick-started in the oil and gas sector since April this year. 

Petroleum and Natural Gas Ministry said, these projects of Oil and Gas CPSEs, include refinery projects, bio refineries, marketing infrastructure projects, pipelines and drilling activities.

The Ministry said, Petroleum Industry has turned the crisis into an opportunity and is striving to work on mission mode to generate employment and revive growth. 

Oil and Gas sector is a key driver of economic growth and these projects provide a boost to the national economy. The Ministry said, a total of over 33 crore man-days of employment is expected to be generated towards the completion of these projects. Of this around ten crore man-days of employment generation is targeted in this financial year itself.

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