1 week ago

Assam’s New Hydrocarbon Policy Targets Exploration and Investment

Assam has introduced a new policy for finding and producing oil and natural gas.

The policy is meant to make it easier for companies to work in the state.

It will simplify approvals and reduce some delays.

It also encourages companies to use newer exploration technology.

Union Minister Hardeep Singh Puri said this could help India produce more energy at home.

The policy may also bring investment and create jobs for people in Assam.

Chief Minister Himanta Biswa Sarma said Assam wants to keep improving its petroleum industry.

The policy will last for 10 years unless the state changes or ends it earlier.

Key facts

Policy: Assam Hydrocarbon Exploration, Production and Upstream Ecosystem Development Policy, 2026
Duration: 10 years from the date of notification, unless modified, superseded or withdrawn earlier
Main focus: Oil and natural gas exploration, production and upstream ecosystem development
Investor measures: Clearer approvals, fewer procedural hurdles and support for advanced exploration technologies
Expected outcomes: More domestic energy production, investment, employment and economic activity
Union minister’s view: Hardeep Singh Puri called the policy a step toward stronger energy security and a more self-reliant India
State government’s view: Himanta Biswa Sarma said Assam would build on its hydrocarbon legacy through continued innovation

freepressjournal.in · 1 week ago