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India unveils new oil and gas policy to boost output

Posted on 11 March 2016

India has announced a slew of measures to boost the country’s sluggish output of oil, gas and minerals, including a new hydrocarbon exploration and licensing policy based on revenue sharing rather than cost recovery.
“The decision will enhance domestic oil and gas production, bring substantial investment in the sector and generate sizable employment,” Narendra Modi’s government said in a statement after a cabinet meeting, writes Victor Mallet, the FT’s South Asia bureau chief………………………………………..Full Article: Source


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