Press Esc to close
Thursday 02 October 2014
News updated at 9:45 AM IST
Weather
Max: 29.9°C
Min : 20.7°C
In Bangalore
Sunny day

CCI to clear most of oil and gas blocks in two weeks: Montek

New Delhi, Feb 19, 2013, (PTI):
External Affairs Minister, Salman Khurshid , Deputy Chairman of Planning Commission, Montek Singh Ahluwalia and Former Indian Foreign Secretary, Lalit Mansingh during the Abid Hussain Memorial Lecture organized by India China Economic and Cultural Council, in New Delhi on Monday. PTI Photo

The government is likely to clear in next two weeks several of 39 oil and gas fields that are stuck for want of defence clearance, said Planning Commission Deputy Chairman Montek Singh Ahluwalia.

The recently constituted Cabinet Committee on Investment (CCI) late last month considered Defence Ministry declaring 7 blocks including Reliance Industries' KG-D6 gas block and its gas discovery area NEC-25 as 'No-Go' area and stringent conditions being imposed on exploring in another 32 blocks.

"Meeting of the CCI took place (on January 30)... I am not sure about all the oil blocks (but) some of the blocks were looked at. I am hopeful that within two weeks or so, several of those would be cleared," Ahluwalia told PTI in an interview.


CCI had asked the ministries of defence and oil to sort out issues like exploration area overlapping with proposed Naval base or being close to missile launching and Air Force exercise area, within one month.

The panel, headed by Prime Minister Manmohan Singh, is to then consider giving the blocks go-ahead for oil and gas exploration and production.

"In the boom time, the day we announce CCI, everybody would have said that yes this is happening. Today until those things are actually cleared people will not believe. That is the issue. I am hoping that in the next few weeks we will see some action", he added.

Officials from ministries of defence and petroleum have sorted out issues at majority of the 39 blocks.

Defence Ministry has declared 7 blocks including RIL's KG-D6, which has been in production since September 2008, and its gas discovery block NEC-25, as 'No-Go' areas for oil and gas exploration and production activities.
It imposed stringent conditions for another 32.

The CCI had asked the Ministry of Defence and the Oil Ministry to sort out differences over the seven block in one month, and for the 32 areas in three months.

Oil Minister M Veerappa Moily had recently stated that more than USD 14-15 billion investment has already been made in blocks like KG-D6 which has been producing oil since September 2008 and natural gas since April 2009.
Originally, the Defence Ministry had declared 14 blocks as 'No-Go' areas as they over-lapped or were close to proposed Naval base or missile launching range/air force exercise area.

But the Defence Ministry later relented and agreed for exploration to be permitted in 7 blocks in Mahanadi basin. One more block which was previously objected to by the Commerce Ministry too has been cleared, bringing down the number of blocks awaiting clearances from 47 to 39.

Go to Top

Photo Gallery
Nokia India Sales Marketing Director Raghuvesh Swarup launches the new Nokia Lumia ...

Nokia India Sales Marketing Director Raghuvesh Swarup launches the new Nokia Lumia ...

India's Mary Kom is lifted by her coach after she won the gold in women's flyweight boxing ...

India's Mary Kom is lifted by her coach after she won the gold in women's flyweight boxing ...

Bollywood actress Sushmita Sen attends the Durga Puja celebrations in Mumbai ...

Bollywood actress Sushmita Sen attends the Durga Puja celebrations in Mumbai ...

A huge statue of Mahatma Gandhi in Bengaluru a day before its inauguration ...

A huge statue of Mahatma Gandhi in Bengaluru a day before its inauguration ...

Silver medal winner India's Tintu Luka poses at the podium during the medal ceremony ...

Silver medal winner India's Tintu Luka poses at the podium during the medal ceremony ...

Boxer Mary Kom kisses shares a moment with her kid after winning the gold medal ...

Boxer Mary Kom kisses shares a moment with her kid after winning the gold medal ...

Damaged coaches after Krishak Express and Barauni Express collided near Gorakhpur ...

Damaged coaches after Krishak Express and Barauni Express collided near Gorakhpur ...

India's boxer Sarita cries at the podium after refusing to accept the bronze medal ...

India's boxer Sarita cries at the podium after refusing to accept the bronze medal ...

People look at the damaged coaches after Krishak Express and Barauni Express collided ...

People look at the damaged coaches after Krishak Express and Barauni Express collided ...

Indian tennis legend and global ambassador of the sport, Vijay Amritraj addressing during ...

Indian tennis legend and global ambassador of the sport, Vijay Amritraj addressing during ...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523