Public Policy
This Indian state is the first to produce & profit from crude! Can you guess it?
Assam has become the first state government in India to take a direct role in oil production following a hydrocarbon discovery in the Namrup Borhat-1 well in Dibrugarh district. The state holds a "significant stake" alongside Oil India Limited (OIL) in this project.
Chief Minister Himanta Biswa Sarma called it a "major step forward in energy security and economic resilience," noting that this makes Assam a direct oil producer rather than just a crude supplier collecting royalties.
The state likely holds a 10% participating interest through Assam Hydrocarbon and Energy Company Limited (AHECL), based on a 2020 agreement for the 125-square-kilometer Namrup Block. This gives Assam a share in both risks and revenues from crude oil sales, marking a significant shift from passive resource supplier to active production partner.
Post a comment
VP Dhankhar Questions Judicial Inaction in Justice Varma Cash Scandal.
Vice President Jagdeep Dhankhar criticizes lack of FIR against Justice Yashwant Varma, urging accountability in...
UPSC Shocker: 14,161 Aspirants make the cut - but is...
UPSC announces Prelims 2025 results - 14,161 candidates shortlisted for Mains. Next steps and key...
RBI breaks silence on the demonetized ₹2,000 notes!
Sanjay Malhotra confirms discontinued currency remains legal tender while addressing MP concerns about counterfeit notes...
India's first facial-recognition ration system goes live! Can you guess...
Himachal Pradesh becomes first state to launch Aadhaar-based face authentication for ration distribution under Public...
A student detained. A new warning just changed how Indians...
The U.S. Embassy in India has issued a strong warning against illegal entry and visa...
