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Fast-track push for 20 offshore exploration blocks [1]

New Delhi: Petroleum ministry knocks on investment body’s door for clearances

Move would benefit RIL, Cairn, BP, BHP Billiton and ONGC. The petroleum ministry is set to approach the Prime Minister-led Cabinet Committee on Investment (CCI) for fast-tracking the approvals for 20 offshore exploration blocks, held up for want of defence ministry clearances, despite the firms having signed production-sharing contracts. The move would benefit Reliance Industries, Cairn, BP and BHP Billiton, apart from public-sector ONGC.

Publication Date: 
22/01/2013
Financial Express (New Delhi) [2]
Tags:
Ministry of Petroleum and Natural Gas [3], British Petroleum (BP) [4], Oil and Natural Gas Corporation (ONGC) [5], Oil Exploration [6], Petrochemical Industry [7], Natural Gas Exploration [8], Energy [9]
Centre for Science and Environment
National Knowledge Commission Government of India

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Source URL: http://admin.indiaenvironmentportal.org.in/news/fast-track-push-20-offshore-exploration-blocks

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/fast-track-push-20-offshore-exploration-blocks
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-express-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-petroleum-and-natural-gas
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/british-petroleum-bp
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil-and-natural-gas-corporation-ongc
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil-exploration
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/petrochemical-industry
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/natural-gas-exploration
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy