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Assam Govt signs Rs 2000 crore agreement with Oil India for exploration in eight blocks

“Assam government is expected to receive Rs 2000 crore from Oil India Limited annually,” the statement said.

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Guwahati: The Assam government has signed a mining pact worth Rs 2000 crore with public sector unit Oil India for exploration and extraction of petroleum products in eight blocks.

Geology and Mining Director Ananda Kumar Das and Oil India Limited executive director Agadh Medhi signed the agreement in presence of the state Mines and Minerals Minister Jogen Mohan, an official release said.

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“Assam government is expected to receive Rs 2000 crore from Oil India Limited annually,” the statement said.

The Assam government will provide all possible support to OIL in its quest for hydrocarbons.

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