Here is a good news! Reports suggest that oil reserves have been found in Bapatla but there is also a bad news coming with it. When the same happened in East Godavari, the past government wrote the entire set of oils wells to the Reliance Industries tycoon Ambani without thinking of the facts and benefits.
Today, nobody knows how much oil is being extracted and is being sold. If the same was in our government’s control then revenue earning would have been great. Now it is heard that even Bapatla has come into the eyes of Ambani. If he lobbies and shakes the system and grabs it then it would be very damaging and a big loss to us.
The AP CM Chandrababu Naidu should do something about it. Since he is planning to come up with petrochemical industry, this is the right time to take control over this oil reserve. If he can come up with an industry that can convert crude into petrol it would be great. If only the Godavari Gas basin was not given to Ambani we would have got LPG cylinder at Rs 200 but now we know the situation. We have to see what Naidu will decide on the Bapatla oil.
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