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Reliance Industries ( PR agency ) Ltd of Mukesh Ambani Group with its partner Niko Resources Ltd invested over Rs. 42,000 crore in exploration and development of oil and gas in the deep water basin in Krishna Godavari D6 block. The first ever oil from deep waters in the country came on stream in September 2008 and gas production began in the first quarter this year.

The significance of this project is that KG D6 is not only India's first deep water development but represents a high technology mega investment project. As a result,it was being watched with keen interest and huge expectation not only in India but all over the world. Today, the success of India to select the deep waters of the league for developers, it is a feat so far achieved is between developing countries to Petronras Brazil. This mammoth undertaking First India frees standing reliance on technology, the international oil cartel in oil and gas, and secondly, there is a big boost for the power and fertilizer sectors as expected at about 70 o product gas distribution for.

According to characteristics,on entire capacity,power generation is expected to surge by 8000 mw and urea output by 10 million tonne per year! Moreover, the supply of natural gas and refining units of petrochemical and steel industries will benefit and natural gas as an environmentally useful for fuel. And the import and subsidy bill of fertilizers and LNG will slash, thus saving foreign exchange. In short, Natural Gas will be a boon for our energy security, installation of power stations, public ( Public Relations Melbourne ) transport (LNG), households (cooking and perhaps heating e.g. gyzers) To sum up in his own words:

"The last growth cycle was really the biggest assets and value creation cycle in our history. It was the most tough and difficult matter as well.The consequences are we have an SEZ refinery, which demonstrates to the world that India,regardless of having on oil,can import oil,make use of at its talent and competitiveness in complex skills to invent properties and then exports goods. This reinforces in India in export terms and it provides us confidence that we can be on par with high-technology corporations in the energy part and even surpass them."

"The other piece is deepwater gas production ( Publicity PR ) and we have again set new benchmarks. Where the globe takes about ten years to go from concept to generation,we have finished it in a much shorter time. The project has created huge value for the economy. Natural gas is a prime feedstock to the fertilizer industry and it cuts down subsidies and as a result,invents precious for the government. Obviously, it also creates value for our farmers in terms of making sure that we are able to give them urea based on indigenous feed-stock and it (helps) the power situation, which overall strengthens energy security.

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