New Delhi, June 12 -- The Ministry of Petroleum & Natural Gas on Friday signed an MoU with Assam and Nagaland to boost domestic oil and gas exploration. The agreement aims to revive production in Nagaland after 31 years and tap the Northeast's rich hydrocarbon potential, providing investment certainty and creating jobs, Union Minister Hardeep Singh Puri said.

Puri shared the development via his social media account, noting "With the signing of a historic tripartite Memorandum of Understanding between Ministry of Petroleum & Natural Gas, Nagaland and Assam, India's quest towards increasing domestic exploration and production of hydrocarbons under the visionary leadership of PM Sh @narendramodi Ji takes a giant leap as a new basin opens up...