According to a report published by The Hindu Business Line, about 1,000 families, owning 7,000 acres of land in the Nanar village in Ratnagiri district of Maharashtra state in India are keen to sell their land for the planned $44bn oil refinery that three state-run firms are building with Saudi Arabia’s Aramco and UAE’s ADNOC.
The families have united under local organisations Konkan Vikas Samiti and Konkan Janakalyan Prathistha and plan to protest against the relocation of the project on 20 July outside the collector’s office in Ratnagiri, the report elaborates.
While the proposed project can provide 100,000 jobs during the five-year period when the refinery and petrochemical complex is under construction, it can also provide 20,000 permanent jobs once the complex starts operations.
As reported in last month, government has identified a new site for the planned oil refinery, according to Maharashtra chief minister Devendra Fadnavis.
The new site in Maharashtra would be in Raigad district, which is about 100km south of Mumbai, India's financial capital.
Initially, the refinery was proposed to be built at Nanar, a village in Ratnagiri district of Maharashtra, about 400km south of Mumbai. A large group of farmers refused to surrender their land because it could have damaged the region famous for Alphonso mangoes, cashew farms and fishing colonies.
Because of the protests of farmers, the Maharashtra government suspended the land acquisition procedures for the proposed refinery in Nanar.
Together, Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation own 50% stake in the Ratnagiri Refinery and Petrochemicals Ltd (RRPCL), the company that is building the refinery. The remaining stake is owned equally by Saudi Aramco and ADNOC.
The 1.2mbpd refinery and integrated petrochemical project will provide India steady fuel supply. Saudi Arabia’s and UAE's interest in the project is to ensure regular buyers for their oil.
City and Industrial Development Corporation plans to acquire land from 40 villages in Raigad for the refinery.
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