(a) whether India has offered Kuwait stakes in Dahej, Paradip projects recently;
(b) if so, the details thereof; and
(c) the future action plan in this regard for the benefit of India in the long run?
(a) whether India has offered Kuwait stakes in Dahej, Paradip projects recently;
(b) if so, the details thereof; and
(c) the future action plan in this regard for the benefit of India in the long run?
MINISTER OF STATE IN THE MINISTRY OF PETROLEUM AND NATURAL GAS (SHRI JITIN PRASADA)
(a) to (c): The Petrochemical Project being implemented at Dahej through a SPV, ONGC
Petro-additions Limited (OPaL) promoted by Oil and Natural Gas Corporation Ltd (ONGC),
Gujarat State Petroleum Corporation Ltd and GAIL (India) Ltd., is on the lookout for
credible partners in the SPV who could add strategic value to the project. During the
Joint Council Meeting in Kuwait on 29th - 30th December, 2009, the Petrochemical Investment
Company (PIC), a Kuwaiti Government firm in the field of Petrochemicals has shown interest
for possible investment in Dahej Petrochemical project.
There is no proposal to offer a stake to Kuwait in the Paradip project.