ONGC keen on setting up Kakinada refinery

Rajahmundry: The Oil and Natural Gas Corporation of India (ONGC) is working out modes to make its proposed refinery at the Kakinada Special Economic Zone (KSEZ) a reality. ONGC has held negotiations with the officials of Kakinada Sea Ports Limited (KSPL) on issues relating to the refinery and the KSEZ. The company had earlier proposed to establish a 7.5-million tonne per annum refinery at Kakinada, but later came to a conclusion that it will be best to enhance the output capacity of the proposed project to avoid chances of economic unviability.