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Lok Sabha
nvestments made on the exploration hydrocarbons by the Oil and Natural Gas Corporation Ltd. (ONGC) and Oil India Ltd.(OIL) in the last three years amounts to Rs.6358.78 crore and Rs.829.70 crore respectively. In addition, Rs.1843 crore has been invested by Foreign Private/Joint Venture Companies on exploration blocks under New Exploration Licensing Policy (NELP) as on 1.4.2004. Thus total investment amounts to Rs.9031.48 crore. The State-wise investment by ONGC/OIL on exploration is set out at the Annexe as below:-
Figures in Rs. (Crore)
State
2001-02
2002-03
2003-04
Andhra Pradesh
141.58
164.51
150
Assam
439.41
552.66
585.03
Gujarat
190.16
158.22
222.49
Himachal Pradesh
17.48
18.83
9.12
Madhya Pradesh
2.51
0
0
Orissa
3.07
3.5
4.77
Rajasthan
13.97
14.96
17.3
Tamil Nadu
164.86
194.15
191.85
Tripura
56.22
58.35
60.66
UP/Uttranchal
28.67
31.16
38.36
West Bengal
43.17
144.72
102.81
Coastal areas (Offshore)
814.47
944.75
1604.71
Total
1915.57
2285.81
2987.10
Investment on Exploration by ONGC and OIL in three years : Rs.7188.48 crore.
This was stated by Shri Mani Shankar Aiyar, Minister of Petroleum & Natural Gas, in a written reply to a question in the Lok Sabha today.
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