Coal News We love to talk!

FEB 28 2017

Petroleum Ministry seeks to allay fears

  • Economic Times, ET Bureau / Hyderabad
  • Created: Tue 28th FEB 2017

The Ministry of Petroleum and Natural Gas on Monday issued a statement reassuring that the oil and gas exploration and production (E&P) activities undertaken in the country follow international best practices and pose no threat to the surrounding environment or ecosystem.

The statement follows concerns raised by several quarters regarding the effect of these activities on agriculture, ground water, and methane levels in the surrounding areas. “Extraction of oil and gas from the sub-surface is a well-established practice and the E&P industry uses state-of-the-art technology for the operations and takes maximum care for environmental effects,” the Ministry said in its statement. “The operators also get Environment Impact Assessment done before carrying out any drilling activities.”

The statement went on to say that the drilling and production process requires only about 120 square meters of land.

The statement added, the production of hydrocarbons will benefit Tamil Nadu and its citizens in the form of royalties, VAT and additional employment generation.



Tamil Nadu Bombay Electricity Supply and Transport Gas Natural Gas Oil Petroleum Oil and Gas Hydrocarbons

Related News

  • Oil & gas stocks flare; index hits 3-yr high  Read more
  • Neyveli Lignite Corporation to generate additional 1,500 MW power in five months  Read more
  • Oil firms see little gain from dollar window  Read more
  • Maharashtra may hike fuel prices, says All India Petroleum Dealers Association  Read more
  • Court asks Centre, States to look into KG basin gas allocation  Read more
  • GAIL's subsidiary BCPL seeks over Rs 12,000 crore subsidy  Read more
  • Power situation in Tamil Nadu to improve soon  Read more
  • GAIL signs pact with Japan's Chubu Electric to jointly buy  Read more
  • Domestic oil explorers seek tax sops in Budget 2017  Read more
  • India to see 2,500 MW additionall solar power capacity: Report  Read more