The tepid response to the eighth round of the New Exploration Licensing Policy questions its overwhelming merits
Bids have been received for only 36 of the 70 blocks, offered for exploration in the eighth round of the New Exploration Licensing Policy (NELP). The government remains sanguine about the response, considering the global financial situation. But the fact is that it was a damp squib.
At a time when India is largely dependent on imports (by over 70 per cent) for its oil and gas requirements, there have been discoveries made that need to be studied further before their exact potential can be realised. The Bundelkhand area of Madhya Pradesh is one such place where discoveries of gas have been made in the recent past. The first instance of this was when Rajesh
The much-talked about Indo-Iran JL gas pipeline project has been on the backburner for sometime now. However, there are alternative projects that are being explored, one such being the Turkmenistan-Afghanistan-Pakistan-India (tapi) pipeline.
By the beginning of the next financial year, consumers in India would have over 10 companies to choose from while buying petrol and diesel. The new entrants in this segment include private players like
Reliance, Essar and Shell, and three psus, Mangalore Refinery and Petrochemical Ltd (mrpl), ongc and Numaligarh Refinery.
The bamboo industry in India has an industry growth rate ranging between 15 and 20 per cent. The tallest grass has nearly 1,500 recorded uses ranging from medicines and handicrafts to construction.
Mangala oil field in Barmer, Rajasthan, has begun production of oil five-and-a-half years after discovering it in 2004. "It is a proud moment for us," said Rahul Dhir, ceo, Cairn India, announcing the news. "By 2011, we would be contributing about 20 per cent of India's domestic crude production.
