Petroleum and Natural Gas sector Current Affairs, GK & News

Petroleum and Natural Gas sector  Current Affairs, GK & News

Cabinet delegates power to Finance and Oil Ministers to award oil and gas blocks

The Cabinet Committee on Economic Affairs (CCEA) has delegated powers to Finance and Petroleum Ministers to award oil and gas exploration blocks to successful bidders under Hydrocarbon Exploration Licensing Policy (HELP). Under HELP, exploration blocks are to be awarded twice in a year and currently awarding of blocks requires the CCEA’s approval. Delegation of these ..

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