Rs 3 lakh-crore Refinery Project at Nanar called off

Chief minister Devendra Fadnavis scrapped the proposed Rs 3 lakh-crore oil refinery in Nanar, in Maharashtra, in the light of BJP-Shiv Sena alliance for the upcoming Lok Sabha polls.

The oil refinery was proposed to be built with investment from Saudi Aramco, was being touted as the world’s largest refinery. Locals, who would not sell their land over tremors of crop and environmental damage, primarily opposed the project.

“We want the refinery in Maharashtra, as it will power the growth of the state in the next 10 years. We will find an alternative site. We would not let this investment opportunity go out of Maharashtra as it has the capacity of creating one lakh jobs,” Fadnavis said.

The refinery-cum-petrochemical project, with a capacity of 60-million tonnes per annum, was considered to become the largest such facility in the world that would have generated massive employment opportunities.