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Energy

Government overhauls oil and gas exploration rules to lift output

Updated : February 21, 2019 08:29 PM IST

India imports four out of every five barrels of crude oil it consumes and is likely to shell out more than $100 billion on oil purchases in 2018/19.
Under the new rules, producers will be given pricing and marketing freedom that is currently non-existent in natural gas blocks in India.
Government overhauls oil and gas exploration rules to lift output

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