State-owned ONGC and Oil India Ltd alongside private sector Vedanta Ltd Tuesday walked away with almost all of the oil blocks auctioned in the latest licensing round as part of the government’s effort to raise domestic production.
The winners of Open Acreage Licensing Policy (OALP) Round II and III, which closed earlier this year, signed exploration and production contracts with the government at a function here Tuesday.
Speaking on the occassion, Oil Minister Dharmendra Pradhan said more production of oil and gas is priority of Modi-2.0 government as it looks to meet its rising energy demand of fast growing economy. Read More
Latest posts by Financial Express (see all)
- Road developers now keen to bid for viable BOT projects - August 24, 2019
- UPPCL banned from buying power from exchanges on alleged lapses - August 24, 2019
- Government mulling new scheme to resolve stressed power assets - August 24, 2019