open acreage licensing policy Current Affairs, GK & News

Natural Gas Marketing Reforms approved by the Union Cabinet

On October 7, 2020, the Union Cabinet chaired by Prime Minister Narendra Modi approved the natural gas marketing reforms. The reforms aim to fix the gas prices in the market through transparent and competitive processes. Natural gas marketing reforms E-Bidding Platform: The main objective of the reforms is to provide standard procedure for the sale ..

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Government announces new licensing policy to boost oil output

The Union Ministry of Petroleum & Natural Gas has announced new Open Acreage Licensing Policy (OALP) for oil and gas exploration. The new policy will allow bidders to carve out areas where they want to drill. It will help energy hungry India and world’s third-largest oil consumer to attract greater foreign investment to boost output. Key ..

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