ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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MYSORE- Unacademic University

But if Oil India is entrusted with the eastern region, the whole problem could be solved more easily. Fourth, in order to meet the widening gap between indigenous production and the likely demand for crude in future years, ONGC has drawn up a 10- year programme (1969-70 to 1978-79) for oil exploration and production at a cost of over Rs 1,200 crores. This can be implemented only if sufficient funds are made available. If Oil India's scope of activities is enlarged to cover the entire eastern region, it is natural to expect that Burmah would make some further investment. To that extent the overall funds available for oil exploration will be larger.

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