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

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WEST BENGAL- Story of a Sharecropper

August 21, 1976 oil was first opened up to Western oil companies and interests for exploration on a profit-sharing basis. It has now been announced that foreign contractors would be invited to help in the exploration of on-shore areas also, more or less on a similar basis as in the case of off-shore exploration. This would appear to be a sensible move, in view of the urgent need to intensify exploration which cannot be done unless new technology and equipment are introduced from sources which have them. Considering the fact that collaboration deals are permitted in all manner of projects with a far lower order of priority than oil exploration, no serious policy objection can be raised against the arrangements in view.

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