About Me

header ads


AGARTALA: The opposition CPM has opposed the decision of the Union ministry of petroleum and natural gas to allow Vedanta Limited to go for oil and natural gas exploration work in the state along with state-owned Oil Natural Gas Corporation Ltd (ONGC).
According to reports, the Tripura government has proposed the Centre to allow the Vedanta group to conduct exploration work in the state to prevent the monopoly of ONGC, which has been paying poor dividends to the state for the past four and half decades. The Union petroleum ministry has already given the clearance in favour of the Vedanta group.

"It is a step towards weakening one of the best profit-making public sector undertaking in the country by favouring private parties, which is morally incorrect," the CPM state committee said in a release. The party added, "The previous Congress government, in the name of introducing open-market economy and economic liberalization, had favoured private companies, ruining the state-owned companies."

The BJP state committee said the Left Front government had allotted a few blocks to the Jubilant group for exploration work. "Forgetting the past, CPM is trying to make an issue out of it. It doesn't want the state to develop," it added. BJP spokesperson Nabendu Bhattacharjee said, "Tripura could have been the best state in the country in terms of development at least a decade ago if there was no Communist rule. In the name of proletariat ideology, they are sacrificing the larger interest of the people of the state."

Tripura has a huge base of natural gas and hydrocarbon which has not been harnessed properly. Recently, Bangladesh-based exploration companies started deep-drilling activities in bordering areas of Tripura which may have an adverse effect in the state's hydrocarbon deposits.

A senior official said, "The ONGC is not even in a position to scale up it's activities to the desired level though there is a huge demand of natural gas." He added, "A big project of fertilizer is held up in North Tripura, the gas-based thermal power project in Monarchak and OTPC are not functioning to their full capacity despite having huge investment in infrastructure. The Tripura Natural Gas Company Ltd could not provide pipeline gas to all households in the state and ensure CNG supply across Tripura due to inadequate supply from ONGC, which prompted the state government to look for more exploration agencies.

Source: TOI