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Assam to export oil to B’desh, Myanmar in few years

Himanta Biswa Sarma. (Photo: [email protected])

The Numaligarh Refinery (NRL), which was established in accordance with the 1985 Assam Accord, would boost its capacity from 3 million metric tonnes (MMT) to 9 MMT, as well as import 6 MMT crude oil from Odisha, Chief Minister Himanta Biswa Sarma announced on Thursday.

Sarma told the reporters here that when the crude oil is brought from Paradeep in Odisha through the pipeline, it would be processed in Assam and subsequently transported to Bangladesh, Myanmar, and other Indian states.

He said that the crude oil from Paradeep will significantly boost capacity at Assam’s three refineries – Bongaigaon, Guwahati, and NRL.

Previously, Assam’s crude oil was sent to Barauni, but now the state would get 6 MMT crude oil.

The Chief Minister declared, accompanied by Assam Finance Minister Ajanta Neog, Industry and Commerce Minister Chandra Mohan Patowary, and Minister for Assam Accord Implementation Atul Bora, that the capacity for NRL would be increased from the current 3 MMT to 9 MMT by 2024, with the approval of the Central government.

He said that the Assam government’s interest in the NRL will be increased from 12.35 percent to 26 percent, requiring an investment of Rs 2,187 crore.

The NRL was established in eastern Assam’s Duliajan district in accordance with the conditions of the 1985 Assam Accord, which was struck after six years of Assam unrest to remove “illegal immigrants.”

Sarma said that the Assam government presently receives Rs 500 crore in royalty from the NRL and that following capacity augmentation, the royalty will increase to Rs 1,500 crore yearly.

“We need to boost non-tax revenue. Assam can sustain for four months on its own revenue. As a result, we must rely on our share of central taxes, different central sector programs, and oil and gas royalties.

“We should continue to support oil and gas businesses for the sake of Assam’s future.” “Oil and gas businesses provide a considerable contribution to Assam’s economy,” the Chief Minister said.

He said that various gas and oil-related projects will be developed in Assam over the next several years and that ethanol will be manufactured at the NRL complex utilizing bamboo resources.

Additionally, the Chief Minister said that numerous oil and gas corporations, including Oil India Limited, had made a contribution of Rs 12 crore to Assam’s Covid management.

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Written by Ankur J Kakoti

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