03 March 2024 – Prime Minister Narendra Modi inaugurated a series of oil and gas sector projects valued at around Rs 1.62 lakh crore across multiple states, including Bihar, Haryana, Andhra Pradesh, Maharashtra, Punjab, and Karnataka. The launch event, held in Bihar’s Begusarai district, marked a significant step towards enhancing India’s energy security and economic resilience.
Oil and Gas Projects and Inaugurations:
During the ceremony, PM Modi inaugurated the ‘First Oil‘ from the KG Basin and flagged off the maiden crude oil tanker from the ONGC Krishna Godavari deepwater project, symbolizing a momentous stride in the nation’s energy landscape. The event also saw the launch of four new trains, including the Danapur-Jogbani Express.
Addressing the gathering, Prime Minister Modi expressed a commitment to Bihar’s development through the ‘Viksit Bharat‘ initiative. He emphasized the historic support of the region to farmers and workers and highlighted the crucial role of the unveiled projects in positioning India as a major economic power globally.
The inauguration included groundbreaking initiatives like the expansion of the Barauni Refinery, the extension of the Paradip–Haldia–Durgapur LPG pipeline, and the Visakh Refinery Modernization Project. These projects contribute not only to energy security but also align with the government’s focus on economic growth.
Conclusion and Future Prospects:
The launch of these projects is a significant milestone in India’s journey towards energy sustainability and economic prosperity. The infusion of substantial investments, coupled with strategic initiatives, positions the nation for robust growth in the oil and gas sector. As the projects come to fruition, they are expected to play a pivotal role in the nation’s quest for a sustainable and resilient energy future.
