India: Massive oil deposits found in Barmer-Sanchor basin
Jaipur, March 10. (UNI): About 30 million metric tonnes oil deposits have been found in Barmer-Sanchor Basin in Rajasthan, the Assembly was told today.
These deposits have the capacity of producing 4275 barrel oil per day however, as of now, no refinery could be set-up there, State Mines Minister, Heeralal Indora, said to a question put-up by Ruling Congress member, Vriddhichand Jain.
He said that as per assessment of oil deposits made till now, it could not yield a royalty of Rs 5000 crore to State Government.
Referring to 1460 million tonnes oil deposits in Bagewala region in Border district Jaisalmer, the Minister said that commercial production was now possible there.
However, due to non-availability of production technique, Oil India Company Limited had entered an agreement with Venezuela- based Company PDVSA for the purpose, he added.