Question : INVESTMENT ON THE DEVELOPMENTAL ACTIVITIES BY OIL PSUS



(a) whether Oil Public Sector Undertakings together will invest more than 2.7 lakh crore on various developmental activities during the Eleventh Plan period;

(b) if so, the details thereof, PSU-wise; and

(c) the details of the focus areas proposed for such investments by each oil PSU?

Answer given by the minister


MINISTER OF THE STATE IN THE MINISTRY OF PETROLEUM & NATURAL GAS (SHRI DINSHA PATEL)

(a) to (c): The approved outlay for all Oil PSUs during the XI Five Year Plan period (2007-2012)is Rs. 229071.59 crore. With this proposed investment, the Oil PSUs would undertake all activitiesin the oil and gas sector, such as, Exploration and Production;Refining and Marketing;Petrochemicals and Engineering. Details are given in Annexure.