(EnergyAsia, August 29, Wednesday) — Indian upstream company Oil and Natural Gas Corp (ONGC) has lost interest in the proposed 15-million-tonne/year Kakinada refinery project in Andhra Pradesh state.It would take “significant fiscal benefits” from the government to justify the project, ONGC officials said, citing a feasibility study by Consultants Engineers India Ltd (EIL).The findings came…
INDIA: ONGC cools on refinery projects
Posted on August 28, 2007 by EnergyAsia