Don’t miss the latest developments in business and finance.

ONGC has discovered hydrocarbon deposit in Mizoram: Minister

Image
Press Trust of India Aizawl
Last Updated : Mar 17 2017 | 4:22 PM IST
Mizoram Geology and Mineral Resources Minister H Rohluna today told the state assembly that ONGC has discovered hydrocarbon (gas) deposit at Meidum village in Kolasib district.
Replying to a question from Lalruatkima of the Mizo National Front (MNF), Rohluna said that the report of the ONGC estimated that the gas field would be able to produce 5,52,674 standard cubic feet of gas in a day.
He, however, said that the Indian Oil Limited (OIL) which undertook exploration at Maubuang and Keifang areas in Aizawl district were yet to discover any hydrocarbon deposits while the agreement with the NATFOGAZ company was terminated during 2011-12 after it failed to commence any work.
The three oil giants have paid Rs 23.23 crore as taxes to the Mizoram government for conducting exploratory works, he added.

Also Read

First Published: Mar 17 2017 | 4:22 PM IST

Next Story