📷 Image: Wikimedia Commons / Prime Minister's Office
Business
Assam's New Hydrocarbon Policy Unveiled to Boost Exploration and Energy Security, Says Minister Hardeep Singh Puri
✍️ Northeast Today
🗓 22 Aug 2026, 04:33 PM
👁 2
Minister Hardeep Singh Puri announced a new hydrocarbon policy for Assam aimed at accelerating oil and gas exploration and strengthening the state's energy security.
New Delhi – The Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, presented a fresh hydrocarbon policy for the northeastern state of Assam. The policy is designed to create a more attractive framework for private and public sector companies to explore oil and gas reserves in the region.
Key provisions focus on simplifying licensing procedures, offering fiscal incentives, and ensuring transparent allocation of exploration blocks. Officials say these measures are intended to reduce the time lag between discovery and production, thereby improving Assam's contribution to India's overall energy mix.
The announcement comes amid growing concerns over energy security and the need to diversify domestic sources of hydrocarbons. By encouraging deeper exploration in Assam's proven basins, the government hopes to lessen dependence on imports and generate local employment opportunities.
Stakeholders, including state officials and industry representatives, welcomed the policy, noting that it aligns with broader national goals of self‑reliance in energy. The Ministry indicated that detailed guidelines will be released in the coming weeks, allowing interested parties to submit proposals for upcoming bidding rounds.
Key provisions focus on simplifying licensing procedures, offering fiscal incentives, and ensuring transparent allocation of exploration blocks. Officials say these measures are intended to reduce the time lag between discovery and production, thereby improving Assam's contribution to India's overall energy mix.
The announcement comes amid growing concerns over energy security and the need to diversify domestic sources of hydrocarbons. By encouraging deeper exploration in Assam's proven basins, the government hopes to lessen dependence on imports and generate local employment opportunities.
Stakeholders, including state officials and industry representatives, welcomed the policy, noting that it aligns with broader national goals of self‑reliance in energy. The Ministry indicated that detailed guidelines will be released in the coming weeks, allowing interested parties to submit proposals for upcoming bidding rounds.