Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Politics / News/  Heritage tag for Naharkatiya oil field
BackBack

Heritage tag for Naharkatiya oil field

Heritage tag for Naharkatiya oil field

Premium

Naharkatiya (Assam): Independent India’s first oil field at Naharkatiya in upper Assam’s Dibrugarh district was on Monday declared an ‘Oil Heritage Well’ by Chief Minister Tarun Gogoi on the occasion of oil exploration major Oil India Ltd’s (OIL) golden jubilee.

“I am proud of OIL and it is doing well in all fields. Their commitment to development of the nation and society is unquestionable", asserted Gogoi declaring the Naharkatiya oil well as an ‘Oil Heritage Well’ here.

“Though we have prospered, we must look towards global warming, ecological imbalance and development of local areas. Unlike other chief ministers I am against local farmers being uprooted from the land for the sake of expansion of industry", Gogoi asserted.

If local farmers’ relocation was absolutely necessary, Gogoi said he was for their proper rehabilitation.

“I am also insisting with the ministry of petroleum (MoP) to give top priority for setting up a petroleum institute and museum in Assam, and the ministry is very positive in its response. We are also giving more interest on bio-fuel", he added.

Asserting commemoration of the Naharkatiya well was a commemoration of oil exploration in Assam, MoP additional secretary S Sundereswar said, the OIL would be issuing initial public offerings (IPO) soon.

OIL chairman-cum-managing director M R Pasrija said, “we are committed to live up to the expectations of our stake holders. Every year we go into new and deeper horizons".

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 18 Feb 2008, 04:43 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App