Three ma­jor projects un­veiled in Andhra, to boost oil pro­duc­tion

DNA (Daily News & Analysis) Mumbai Edition - - FRONT PAGE - DNA Cor­re­spon­dent cor­re­spon­[email protected]­dia.net

New Delhi: In the run-up to the 2019 Lok Sabha elec­tions, Prime Min­is­ter Naren­dra Modi on Sun­day un­veiled three ma­jor projects in Andhra Pradesh — a 1.33 MMT Visakha­p­at­nam Strate­gic Petroleum Re­serve fa­cil­ity in Visakha­p­at­nam, a coastal in­stal­la­tion project at Kr­ish­na­p­at­nam, and a S1 Vashishta de­vel­op­ment project lo­cated in the Kr­ish­nago­davari

off­shore basin.

The projects will give a ma­jor push to the gas-based in­dus­trial units in Andhra Pradesh and neigh­bour­ing states as well as giv­ing a boost to the en­ergy se­cu­rity of the coun­try.

The PM un­veiled ONGC’S S1 Vashishta de­vel­op­ment project which, ex­perts say, will con­trib­ute sig­nif­i­cantly in re­al­is­ing PM Modi’s vi­sion of re­duc­ing oil im­ports by 10 per cent by 2020.

The PM said, “The Cen­tral govern­ment is build­ing oil re­serves in dif­fer­ent places in the coun­try so that the coun­try does not face scarcity of fuel in dif­fi­cult sit­u­a­tions.”

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