Large hydrocarbon deposit likely to be extracted in Mizoram

Business Standard

Large hydrocarbon deposit likely to be extracted in Mizoram

Oil exploratory companies engaged in Mizoram were expected to extract large amount of hydrocarbon in the state, state Geology and Mineral Resources Minister H. Rohluna told the state assembly today. 

Replying to a query from Lalrinawma of the Mizo National Front (MNF), Rohluna said that hydrocarbon deposit was found at Meidum village in Mizoram-Assam border Kolasib district while the companies were also expecting to find large hydrocarbon deposit at the drilling site near Maubuang village in Aizawl district. 

He said that Mizoram government would get 12.5 per cent from oil and 10 per cent from gas as and when the extraction becomes a reality and 50 per cent of the non-tax revenue as recommended by the 12th Finance Commission and accepted by the Centre. 

The state government, he said, has already received Rs 15 crore as licence fee and land rental charges from the oil companies engaged in exploration in the state. 

Oil and Natural Gas Commission (ONGC) and Oil India Limited (OIL) were mainly engaged in the exploration work in Mizoram.

http://www.business-standard.com/article/pti-stories/large-hydrocarbon-deposit-likely-to-be-extracted-in-mizoram-114112600362_1.html

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