Oil & Gas PSUs are implementing over 7,500 economic projects: Rameswar Teli

New Delhi: The Oil and Gas PSUs and their joint ventures/subsidiaries are implementing over 7500 economic activities/projects as of March 2022. These include projects and activities in upstream oil and gas exploration and production, drilling/survey activities, oil refining, Bio Refineries, gas pipelines infrastructure for connecting the national gas grid, city gas distribution networks in the newly authorized geographical areas and LNG terminals, Marketing infrastructure projects, compressed bio-gas plants, capacity addition of refineries, fertilizer plants and the petro-chemical units.

This information has been given by the Minister of State for Petroleum and Natural Gas Rameswar Teli in a written reply to a question in the Rajya Sabha on Monday.

These projects, in general, make available employment opportunities indirect as well as indirect forms, during the construction and operational phase. The oil & gas sector, with its backward and forward linkages, is a key driver of economic growth and, therefore, these projects involving substantial investments will provide boost to the national economy as well as provide employment opportunities to the people of our country.

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