All the three projects, estimated to cost around Rs 17,000 crore, would be set up by a Yemen-based company Vavasi Oil and Gas Pvt Ltd, Patnaik told PTI.

The chief minister said the managing director of the company, Farid Arifuddin informed him the decision to set up the projects, after having a series of deliberations with the officials of Singapore-Gopalpur Port Consortium and the officials of Tisco over the last few weeks.

The company has decided to finally locate its proposed projects within the Gopalpur Port, he said.

The basic raw material of the petro-chemical complex would be natural gas from the Republic of Yemen, which had proven and established its reserves, Patnaik said.

He said the Yemen ambassador to India, Ibrahim Saidi called on him last month to assure him support of hisgovernment to the company.

The company would also establish 1500-2000 mw floating power plant along with a fertiliser plant, he said.