Current Affairs - State - Discussion

The Government of India, Assam, and Nagaland signed a tripartite Memorandum of Understanding (MoU) on June 11, 2026, to facilitate oil and gas exploration in areas along the Assam-Nagaland border. The agreement includes a 50-50 revenue-sharing mechanism for resources extracted from the disputed region and covers more than 1,000 square kilometres. The initiative aims to significantly increase oil production from the current levels of 1,000–1,500 barrels per day to over 10,000–15,000 barrels per day. The project is expected to enhance energy production, generate substantial revenue, and promote cooperation between the two neighbouring states in resource development.