CCI clears 5 oil & gas exploration blocks: Media Reports

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The Cabinet Committee on Investment (CCI) has approved 5 oil and gas blocks, including the Reliance Industries' KG-D6 block, which were stuck due to objections raised by the Defence Ministry, said the media reports.

The Defence Ministry had declared a total of eight blocks, including Reliance Industries Ltd.'s (RIL) KG basin KG-D6 block and gas discovery area of NEC-25 in the North East Coast (NEC) region, as 'no go' zones for various reasons, including overlapping with a proposed naval base or proximity to missile launching and Air Force exercise areas.

The ministry had also put stringent conditions for another 31 exploration areas. Subsequently, the oil ministry had raised the matter to the cabinet panel to resolve the issue at the earliest.

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Story first published: Thursday, March 21, 2013, 14:30 [IST]
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