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Sat, 23 Nov 2019

Northeast Today

Numaligarh Refinery Limited Privatization Move Opposed at Parliamentary Standing Committee Meeting

Numaligarh Refinery Limited  Privatization Move Opposed at Parliamentary Standing Committee Meeting
October 19
11:55 2019

NET Bureau

Centre’s reported move to privatize the Numaligarh Refinery Limited (NRL) was opposed at the Parliamentary Standing Committee meeting on Friday.

Raising the issue at the parliament standing committee meeting, Congress MP Pradyut Bordoloi said that the move will push the State on the brink of turmoil.

BJP MP Ramesh Bidhuri is the chairperson of the standing committee on petroleum and natural gas.

Bordoloi said privatization of NRL will not be acceptable to the people of Assam. He said NRL was established following the historic Assam Accord with equity participation of 61.65 per cent by Bharat Petroleum Corporation Limited (BPCL), 26 percent by Oil India Limited and 12.35 per cent by the Assam Government. Significantly, the Centre has recently moved for disinvestment of BPCL. “Being a subsidiary of BPCL, its privatization will also lead to the privatization of NRL,” Bordoloi said.

Source: The Sentinel

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