NANAR OIL REFINERY

March 31, 2022

Union Minister Dharmendra Pradhan has indicated that the Nanar oil refinery project in Konkan region may be revived as the Maharashtra government was reconsidering its decision about stalling the project.

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The project, Ratnagiri Refinery and Petrochemical Limited, was going to be Asia’s ‘biggest oil refinery’, and was proposed to be built at Nanar village in Ratnagiri district in coastal Konkan region.
It was supposed to be a joint venture between Indian Oil, Bharat Petroleum and Hindustan Petroleum, and Saudi Arabia-owned Aramco and United Arab Emirates’ National Oil Company.
The project was mooted by the Centre and the Maharashtra government in 2014 and it was aimed at bringing development to the backward Konkan region.
The project was scrapped ahead of the 2019 Assembly and Lok Sabha elections on the ground that the oil refinery would be detrimental for the environment of Konkan region.

Source : Indian Express