Assam chief minister Sarbananda Sonowal has said that the state has immense potential in the hydrocarbon sector.

Sonowal said this during a function organized on the signing of a memorandum of understanding (MoU) between Oil India Limited (OIL) and Assam Hydrocarbon and Energy Company (AHECL) in Guwahati on Monday.

The MoU will establish a joint institutional framework for both the companies to facilitate bilateral cooperation in hydrocarbon exploration and development and marketing of natural gas in the state for mutual benefit.

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“The state has immense potential in the hydrocarbon sector,” said Sarbananda Sonowal.

“I believe this partnership between OIL and AHECL will go a long way in giving a renewed push to Northeast Hydrocarbon Vision, 2030,’ he said.

OIL is the country’s second-largest state owned explorer of oil and natural gas with administrative control under the Union Ministry of Petroleum and Natural Gas.

The Assam government established AHECL in 2006 for the exploration of hydrocarbons.

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