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CM Sarbananda Sonowal at the signing of the MoU on Monday
GUWAHATI: State-owned Assam Hydrocarbon and Energy Company Limited (AHECL) on Monday signed an MoU with Oil India Limited that will allow 10% participating interest in exploration and production of crude oil and natural gas in the Namrup Block allotted to the central PSU covering 125 sqkm.
Hailing it as the first real business venture of AHECL since its inception in 2006, chief minister Sarbananda Sonowal, in his speech at the MoU signing event, congratulated AHECL for such a tie-up with a Navaratna Company such as OIL and urged its officials to handhold the state government PSU in furthering its business interests and achieving growth.