Kelkar-chaired committee to suggest plans for enhancing domestic oil production

A committee headed by Vijay Kelkar would formulate a roadmap for ramping up domestic output of oil and gas and sustainable reduction in import dependency by 2030. The Committee has to present its report to the Government within six months.

• The panel would devise an institutional mechanism for appraisal of Indian sedimentary basins to the extent of 75 % by 2015 and 100% by 2025.
• Besides, it would review the mechanism to acquire acreages abroad for exploration and production as well as for pursuing diplomatic and political initiatives for import of gas from neighbouring and other countries with emphasis on trans-national gas pipelines.

Month: Current Affairs - March, 2013