Current Affairs 11 December

Current Affairs
   11 December 2016 Current Affairs

The government signed a Memorandum of Understanding 11 Petrotech in 2016

The central government in 2016, the last day Petrotech signed 11 MoUs. -2 016 at the end of the Petrotech conference between all three companies to form consortia and joint venture agreement.
Under the agreement, the country's largest refinery will be set up in Maharashtra. These five agreements in different parts of the country is related to the ethanol plant.

Key Agreement:

  • This major agreement IOCL, BPCL, HPCL Consortium compromise between old old. Under the west coast of India in Maharashtra with a capacity of 60 MMTPA largest oil refinery, petrochemical complex co 2G five ethanol plants across the country will be established.
  • Its capacity will be sixty million tonnes. The establishment of three state-owned oil companies Indian Oil Rifainriki Hindustan Petroleum and Bharat Petroleum will jointly.
  • Since the establishment of the refinery will further strengthen India's position in oil refining market.
  • The refinery will also be installed, as well as petrochemical plants.
  • An ethanol plant in Panipat (Haryana) will be levied. Also Dahej (Gujarat), Bina (MP), Badhgdh (Orissa) and Bathinda (Punjab) will set in.

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