The government has cleared 25 Exploration and Production blocks out of 31 blocks for continued exploration of Oil and Gas. A decision in this regard was taken at the Cabinet Committee on Investment (CCI) meeting headed by the Prime Minister Dr. Manmohan Singh in New Delhi today.

Out of these 25 blocks, nine blocks have been fully cleared and 16 blocks have been cleared with specific conditions.

Due to clearances given at this meeting, investment already made to the extent of 2.71 billion US dollars will be put to use and further investment to the extent of 1.9 billion US dollars will be made in the exploration activities in the next 3 to 5 years.