Lok Sabha Question No. 17 (STARRED), answered on 2017-07-17
Subject: Setting up of Refinery-cumPetrochemicals Complex
Ministry: PETROLEUM AND NATURAL GAS
Asked by: VINAYAK BHAURAO RAUT, DHARMENDRA YADAV

## LOK SABHA STARRED QUESTION NO. 17 TO BE ANSWERED ON 17 th  JULY, 2017

## SETTING UP OF REFINERY-CUM-PETROCHEMICALS COMPLEX

*17: SHRI VINAYAK BHAURAO RAUT: SHRI DHARMENDRA YADAV:

पैट्रोलियम और प्राक ृ लिक गैस मंत्री

- Will the Minister of PETROLEUM AND NATURAL GAS be pleased to state: (a)  whether  the  Government  proposes  to  set  up  the  world's  largest  refinery-cumpetrochemicals complex  at Babulwadi, Taluka Rajpur in Ratnagiri District of Maharashtra; (b)  if  so,  the  details  thereof  along  with  capacity  of  the  proposed  refinery  and  the expected refining capacity likely to be created to meet the domestic demand in next few years; (c)  whether  any  agreement/joint  venture  has  been  signed  by  State-owned  oil companies/firms in this regard and if so, the details thereof; (d)  the  cost/financial  allocation  including  mode  of  investment  of  the  said  refinery including the share of each company/firm involved in the project; and (e)    the target fixed for completion of the work of the said refinery and the present
- status thereof?

## ANSWER

## पैट्रोलियम और प्राक ृ लिक गैस मंत्रािय में राज्य मंत्री ( स्विंत्र प्रभार ) (श्री धमेन्द्र प्रधान)

MINISTER OF STATE (INDEPENDENT CHARGE) IN THE MINISTRY OF PETROLEUM AND NATURAL GAS (SHRI DHARMENDRA PRADHAN)

- (a) to (e) A statement is laid on the Table of the House.
- ---------------

STATEMENT  REFERRED  TO  IN  REPLY  TO  PARTS  (a)  TO  (e)  OF  LOK  SABHA STARRED  QUESTION  NO.17  BY  SHRI  VINAYAK  BHAURAO  RAUT  AND  SHRI DHARMENDRA YADAV TO BE ANSWERED ON 17 th  JULY, 2017 REGARDING SETTING UP OF REFINERY-CUM-PETROCHEMICALS COMPLEX (a)  :  Oil  PSUs  namely  Indian  Oil  Corporation  Limited  (IOCL),  Bharat  Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) have  decided  to  set  up  an  integrated  refinery-cum-petrochemical  complex  with  a refining  capacity  of  60  MMTPA  (million  metric  tonnes  per  annum)  at  Babulwadi, Taluka Rajapur in Ratnagiri District in the state of Maharashtra. (b):  The  proposed  Refinery  with  refining  capacity  of  60  MMTPA  will  produce Gasoline and Diesel suitable for BS-VI.  The refinery will be designed with flexibility in processing wide varieties of crude as well as flexibility in product mix.  In addition, Oil  PSUs have also planned to increase the refining capacity in the country by 35 MMTPA  (approx.)  in  next  few  years  to  meet  the  domestic  demand  of  petroleum products. (C):   A Joint Venture (JV) agreement has been signed among IOCL, BPCL & HPCL on 14.06.2017 to form a Joint Venture Company namely 'West Coast Refinery and Petrochemical Ltd.' to implement the project. As per the JV agreement, the Company shall execute and develop the Project and shall execute various agreements as may be necessary for smooth conduct of the business. (d):  Order of magnitude of cost estimated for the project is Rs.2.70 Lakh crore and the share of IOCL, BPCL & HPCL is in ratio of 50:25:25 respectively. (e):  This  is  a  mega  size  project  and  completion  time  for  the  project  is  around  60 months from the date of approval and receipt of all statutory clearances.

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