Wednesday, October 5, 2022

Nagaland should start oil exploration: Teli

Staff Reporter

Union Minister of State for petroleum and natural gas, labour and employment Rameswar Teli on Saturday urged the State government to start oil and natural gas exploration and extraction.
Addressing a gathering here at Niathu resort after the inaugural of Hemkund Group’s Liquified Petroleum Gas (LPG) bottling plant at Virazouma village under Chümoukedima.
Teli recalled that though oil operations was on in Nagaland nearly 30 years back, it had to stop due to various reasons. This led to the State incurring huge revenue loss to the tune of several thousands of crores rupees, he added.
In order to restart the process, Teli recalled that during his pervious visit to Nagaland, he held a meeting with chief minister Neiphiu Rio, advisor industries & commerce and ONGC, IOC officials and deliberated on the issue of oil extraction.
Teli said he had categorically mentioned that Nagaland should be developed and for which extraction of oil and gas was crucial to generate revenue. This way, he said it would help Nagaland develop and progress.
The minister also suggested the state government to form a Joint Venture (JV) with other established companies or form its own company to extract oil or even partner with major oil companies like the Oil India Limited (OIL), Oil and Natural Gas Corporation Limited (ONGC Ltd).
Teli said it was his genuine hope that Nagaland should begin oil extraction so that the state could generate its own revenue and develop the state.
Teli also noted that Prime Minister Narendra Modi has been giving special emphasis to develop the North Easter region. North East is one of Prime Minister’s priorities to ensure that the region does not lag behind, he said.
Modi has, therefore, directed central ministers and senior officials to visit the NE region and expedite various welfare programmes, Teli said. Commenting on the bottling plant, the minister said he was delighted to inaugurate the gas plant at a time when the country was celebrating “Azadi Ka Amrit Mahotsav” and Har Ghar Tiranga.
Teli said he inaugurated the plant despite being owned by a private company, adding that he wanted to see the perception of people change when it came to industrialization in Dimapur.
He informed that under Ujjwala Yojana, the government has been able to provide eight crore gas connections to families ahead of its targeted time. In the second phase, he said another one crore connections were completed.
Meanwhile, addressing the media, Hemkund group managing director, Zorawar Singh, stated that the LPG bottling plant would help expand the reach of LPG all over North East. He said would also benefit customers, who would benefit from service and competitiveness of a private LPG player.
Singh said that the plant would create a healthy ecosystem for LPG delivery in the North East. Singh said the plant would deal with both in commercial and domestic. Asked about the differences in prices, he informed that price solely depended on the market dynamic, but would be kept competitive. He said that already 10 to 12 distributors were marked for Dimapur and Chümoukedima.
MD said that the inauguration of the plant would also provide employment opportunities in various categories.
Further, when asked about the storage capacity, he informed that the plant had a storage capacity of 40 metric tonnes and capability of storing around 2000 cylinders. The inaugural programme was also attended by DC Chümoukedima Abhinav Shivam, SP Chümoukedima Munesh Kumari and other dignitaries.

SourceNPN