Opposition parties in Tripura, mainly the CPI-M and Congress, on Thursday strongly opposed the Centre’s decision allowing Vedanta Limited to explore gas in the state along with government-owned ONGC.
An official of Tripura government told media that a letter from the Ministry of Petroleum and Natural Gas to Tripura Chief Secretary Lalit Kumar Gupta said the Union government has signed 55 revenue-sharing contracts with companies which were awarded petroleum exploration blocks.
These blocks were cleared under the Hydrocarbon Exploration and Licensing Policy and Open Acreage Licensing Policy for exploration and production of crude oil and natural gas.
“One exploration block has been awarded to Vedanta Limited, which is required to apply for petroleum exploration licences,” the official said. Read More