Over the Union government’s excessive delays in giving regulatory clearances to its five key oil and gas projects worth $7.5 billion Reliance Industries has flagged the attention of special cell of the Prime Minister-led Cabinet Committee on Investment (CCI). If approved, these projects have the potential to produce about 30-40 million standard cubic metre per day (mmscmd) of gas, increasing the country’s output by about 25 per cent in the next 4-5 years, industry executives said.
To boost its sagging economic growth the investment-hungry country is struggling for growth and any increase in its oil and gas output will be of a great support. Enhanced output will help power and fertiliser firms replace costly imported gas with cheaper domestic supply.
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