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Dimapur, Oct. 21 (EMN): Nagaland Congress has on Friday strongly objected to the alleged Memorandum of Understanding (MoU) signed between Ministry of Petroleum and Natural Gas (MOPNG), government of India, and Nagaland state in regard to payment of royalty for exploration of oil in Nagaland. A press release issued by the president of Nagaland Pradesh Congress Committee (NPCC), K Therie, claimed the Nagaland Petroleum and Natural Gas Rules 2012 was a compromised. Therie maintained that the Nagaland Ownership and Transfer of Land and Its Resources Act 1990 give absolute authority to Nagaland state. He has, however, objected to the split in ratio in revenue between the state and the company. “In the present MoU between the state and ONGC, the split is 22:78% ratio of division of revenue between the state and the company. This is not acceptable. The split should be not less than 51% for the state. Special payment of 2% valorem should be in addition to the state’s 51%,” Therie said ad

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