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Moily to soon give green signal to auction 54 NELP blocks

Moily to soon give green signal to auction 54 NELP blocks


It may well be one of the first decisions by M Veerappa Moily as the environment minister. According to sources close to the development, Moily, who is also the petroleum minister, has already cleared the decks for clearance of 54 oil and gas blocks from environment ministry, to be put on the block for the upcoming round of NELP (new exploration licensing policy) auction.The blocks only need clearance from the environment minister, as the petroleum ministry already had managed to get a nod from Forest Survey Institute. “Out of the total 74 blocks to be put on the block, the institute has already cleared 54 blocks.

Source : http://www.business-standard.com/article/economy-policy/moily-to-soon-give-green-signal-to-auction-54-nelp-blocks-113122900352_1.html

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