ONGC discovers huge oil resources in Mizoram

Aizawl, Oct 22: Mizoram Chief Minister Zoramthanga said that the Oil and Natural Gas Corporation (ONGC) has identified a huge oil reserve in a 5000 sq km area in Hortoki.

''We have requested the ONGC to carry out exploration in the state, which would contribute to the development,'' the Chief Minister said.

He said, ''Hnahthial area also has a huge oil reserve and a global tender has been floated for exploration works. Twenty per cent of the profit would go to state's revenue provided Mizoram is a share holder.'' Besides, the Ministry of Petroleum has already directed the Directorate General of Hydrocarbon (DGH) to explore natural gas to start a mega project in the state.

Following the initial survey by the National Geophysical Research Institute (NGRI), the DGH has conducted various surveys in the region to identify oil reserves.

UNI