Oil & Natural Gas Corporation will finalize its investment plans for the proposed petrochemical complex in the next six months.

ONGC is currently in the process of identifying a project management consultant for its proposed Rs.900 crore methane and propane (C2/C3) extraction plant, also at Dahej.

ONGC's investment plans at Dahej are multifarious. Broadly, the oil major has proposed the following:

1. A special economic zone (costing Rs.750 crore) in collaboration with Gujarat Industrial Development Corporation

2. A C2/C3 extraction plant (costing Rs.900 crore) that would extract methane and propane from R-LNG sourced from Petronet LNG's Dahej terminal, in which ONGC is co-promoter.

3. A petrochemical complex (estimated to cost Rs.4,000 crore) that would value added petrochemicals and also LPG. The feedstock for this complex would be methane and propane sourced from ONGC's Dahej C2/C3 unit and naphtha from Mangalore Refinery & Petrochemicals.

Also See:

Core areas form 93 pc of ONGC's capex (31-Dec-04)