Business EconomyPosted at: Feb 28 2024 9:54PM

Kakinada, Feb 28 (UNI) The round table meeting of all political parties, peoples organizations, and intellectuals held at Gandhi Bhavan here on Wednesday resolved to launch phased agitation demanding fifty percent share to Andhra Pradesh and ten percent share to Kakinada in the KG Basin oil and gas reserves as recommended by the 12th Finance Commission.
Several speakers have warned of serious action, including the disconnection of the pipeline taking oil and gas to other states.
They demanded a serious agitation cutting across party barriers and asked the Chief Minister to respond immediately, coming out with a statement insisting on state share in the KG basin oil and gas reserves. They called upon the political parties to include the demand for a 50 percent share of KG basin oil and gas reserves in their party election manifestos. CPI state executive member Dega Prabhakar, who was the chief guest, said that the oil and gas reserves area spread over four coastal districts in a radius of 24 kilometers in the sea.
The ONGC started trial drilling operations in search of hydrocarbon reserves on August 14, 1956.
The first gas well was discovered in 1978 at Narasapuram.
The then Chief Minister, Y.S. Rajasekhara Reddy, ensured the Assembly passed a resolution seeking its legitimate share in the KG basin hydrocarbon reserves.
The present CM Jaganmohan Reddy failed to protect the state’s interests, and Visakhapatnam steel plant privatization is the best example.
The CPI state committee would soon announce its future plan of action on this crucial issue, he added.
Noted advocate Mohammed Jawahar Ali has suggested blocking the oil and gas pipelines to pressurize the central government into giving Andhra Pradesh its due share. The agitational committee for district development president Thatipaka Madhu has chaired the meeting.
State Congress vice president Matta Siva Prasad, Am admi party leader K Krishnamohan, CPI (M) district leader Duvva Seshu Babji, social activist and civic welfare association convenor Dusarlapudi Ramanaraju, INTUC leader Thalluri Raju, TNTUC leader Gadula Saibaba, CPI district secretary Kamireddi Bodakonda, BC’s association leader Chekka Nookaraju, Andhra University Prof. Dosagirirao, Psychologist G Satyamurty, and Chinthapalli Subbarao were among those who attended.
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