Oil Ministry Steps Up In Support Of Rils Kg D6 Wholesale

The latest audit report drafted by the Comptroller and Audit General (CAG) has red marked that Central exchequer has accounted profound losses due to unfathomable favors the oil ministry had lent to private partner Reliance Industries Limited (RIL) in developing its much acclaimed gas field from the Krishna Godavari D6 basin (KG-D6). In retort, RIL maintained that it has complied with every government regulation and that the KG-D6 basin had Wholesale Adult Costume been one of the most significant contributors to the countrys economy, acclaimed worldwide for its cost effectiveness, timeliness, watertight execution and smooth commissioning. In recent turn of events, the oil ministry has stepped up to support RILs endeavor Wholesale Teddies Lingerie stating that RILs KG-D6 had resulted in much savings to the government as a given of the profitability of the process involved in development of the rich reserve. Oil ministry confirmed that the government has encountered almost Rs. 8,000 crore financial benefits from the fertilizer sector alone that uses Reliance's KG-D6 gas. The cost saving thus generated, from the use of 15.35 mmscmd gas from the KG D6 field directed towards the urea industry, has been quantified in details provided by the fertilizer ministry. The ministry also stated that the use of KG-D6 gas in place of naphtha and other industrial oils that are presently being used by the fertilizer sector Wholesale players has resulted in an estimated annual savings of Rs. 17,708 crore alone. As government assigns Rs. 55,000 crore to the fertilizer industry each fiscal year, a savings of Rs. 17,708 crore is a significant windfall for the central government. This amount Jewelry & Watch Tools is sufficient to be directed towards helping millions of small and marginal farmers in increasing agricultural production and productivity, thus also contributing to country's food security, as stated in oil ministrys statement. The similar note that suggests savings in terms of electricity production using KG-D6 gas as against the use of imported gas is likely to be an appendage to this present report. This note, once confirmed by power ministry, will support the fact that KG-D6 gas helps produce electricity at Rs. 3 per unit as compared to Rs. 7 per unit generated from employing foreign gas.