New Delhi, January 13: A shelf of projects worth $8 billion (`50,000 crore) has been readied for joint participation by international investors alongwith leading Indian oil and gas companies at the ongoing Petrotech 2014, India’s largest oil and gas conference and exhibition. Leading energy companies and high-level ministerial delegations from across the globe will be attending the event.
“All these projects have already progressed substantially and a lot of risk mitigation has taken place…we are, therefore, looking forward to strategic investors for investments in these projects,” a senior oil ministry official told HT.
The first of the four major investments to be offered to investors include the $4.25 billion petrochemical Complex at Dahej in Gujarat being implemented by ONGC Petro additions Ltd (OPaL).
The second project to be offered to investors is the $1-billion plus petrochemical complex at Mangalore in Karnataka being implemented by ONGC Mangalore Petrochemicals Ltd (OMPL) with majority equity holding by ONGC.
The third project is Indian Oil’s $864-million LNG Project at Ennore in Tamil Nadu and is a 5 million metric tonnes per annum LNG terminal project expected by 2015-16.
The $1.4-billion Kochi Petrochemical Project of Bharat Petroleum Corporation Ltd (BPCL) is another one to be offered for participation of investors.