Assam CM Himanta Biswa Sarma urges PM Modi to transfer ONGC’s northeast acreages to OIL

Assam chief minister Himanta Biswa Sarma has urged Prime minister Narendra Modi to consider transfer of all the acreages of ONGC NSE -0.49 % in the North Eastern Region to Oil NSE 1.38 % India Limited (OIL).

Sarma in a letter to the Prime minister said, “Assam & Assam Arakan Basin in the North Eastern Region is the cradle of Indian hydrocarbon industry and is one of most prolific sedimentary basins of India. Oil India Limited (OIL) and Oil and Natural Gas Corporation (ONGC), both national oil companies (NOCs), are the two major operators in the region. The areas which are currently under production have been given to both the companies under nomination regime and they are the leading operators in the region”.