OIL & GAS

Petroleum Minister Explains Why North-Eastern States Important For Oil, Gas Sector

Petroleum, Natural Gas and Steel Minister Dharmendra Pradhan on Wednesday explained why the North-eastern Region (NER) which includes Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura and Sikkim are important for oil and gas sector of the country.

He also explained why the Modi government is spending Rs 1.30 lakh crore in NER, under the Hydrocarbon Vision 2030.
In an exclusive interview with ANI, Pradhan said that the first oil deposits in the country were discovered near the town of Digboi and Duliajan areas of Assam and around 18 per cent of the country’s oil resources are located in the northeast east region (NER).

“Assam, Arunachal, Nagaland, Mizoram, Tripura are the areas which are full of oil and gas fields. When the Modi government came in power in 2014 we decided to create an infrastructure of the crude pipeline, gas pipeline, increase our exploration, refining and gas production capacity,” he said.

Furthermore, the minister also lauded several projects worth over Rs 34,000 crores launched by Prime Minister Narendra Modi in Assam on February 22. He said that these projects will increase regional job opportunity and revenue.

Mentioning that oil and gas plays a major role in the development of the NER, Pradhan said that 95 per cent of people have switched to LPG connectivity after India highlighted the harmful effects of burning woods to produce cooking fuel, for which India was globally hailed.

Source
business world
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