Home » CCI clears investment in 5 oil and gas blocks

CCI clears investment in 5 oil and gas blocks

CCI clears investment in 5 oil and gas blocks
Shares

Exploration project at five oil and gas blocks, which where stuck as the defence ministry had objected to civilian activity, received approval from the Cabinet Committee on Investment (CCI) recently.

Oil and gas exploration projects at several regions were affected by the objection of the defence establishment on concerns of security or proximity to sensitive locations.

At its recent meeting, the CCI cleared five blocks including Reliance Industries’ KG-D6 and Mahanadi blocks and one block of Cairn India in the KG Basin.

The union petroleum ministry approached the recently-constituted CCI to kickstart work at several oil and gas exploration blocks that are held up because they were not granted defence clearance.

Leave a Reply