Odisha: India s First Fully Operational Plastic Park To Be Set Up In Paradip
MOU Virtual Meet
Indian Oil Corporation Limited (IOCL) and Odisha Industrial Infrastructure Development Corporation (IDCO) on Tuesday (9 March) signed an agreement and Memorandum of Understanding (MOU) to develop Paradeep Plastic Park.
It will be the first fully operational plastic park in India.
The MOU was signed virtual in presence of in the presence of Minister of Petroleum & Natural Gas and Steel Shri Dharmendra Pradhan, Chief Minister of Odisha Naveen Patnaik and officials from Paradeep refinery among others, the press release by Ministry of Petroleum and Natural Gas stated.
India is saddened by the Opec+ decision to continue cutting production, said Petroleum Minister Dharmendra Pradhan on Friday. It (The decision) is not good news for India, China, Japan, Korea and other consuming nations,” he said at the sidelines of a CERAWeek event. After the Opec decision, one million barrels per day of crude oil production from Saudi Arabia will remain in place at least through April. Russia and Kazakhstan are increasing production. We still appeal to the oil producers and (say that) an alternative could be found. But if you continue to push us (consumers) it is not in the interest of both sides. High oil prices could benefit a group of producing nations but if you push customers that could lead us to find alternatives.
Oil and Petroleum Minister Dharmendra Pradhan said India wants major OPEC+ producers to boost output in order to fulfill their promise of stable crude markets.
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