India: ONGC to set up urea manufacturing unit

May 30, 2012 at 06:30 (Fertilizers, Nitrogenous Fertilizers)

Last year the oil giant Oil and Natural Gas Corporation Ltd (ONGC) discovered huge gas reserves at Khobal, near the Assam-Agartala National Highway (NH-44). Last April ONGC official authorities stated they had decided to set up a urea fertilizer manufacturing unit in North Tripura district, in the border with Bangladesh. The region has nearly 70,000 hectares of gross area under cultivation. With the commissioning of the project the demand for urea fertilizer will be met not only for Tripura but also for the entire north-east region and a large chunk of the fertilizer could be exported to the neighboring Bangladesh. The site for establishing the project has been selected at Khobal considering close proximity to the Khobal gas field from where the natural gas (hydro carbon) would be supplied. At least six big investors expressed their interest in the funding of the fertilizer project.