These resources actually belong to the nation and they will be monetised by bidding them out to interested entities, Petroleum Minister Dharmendra Pradhan said
The government will auction unmonetised large oil and gas fields of state-owned ONGC and OIL to boost the country's hydrocarbon production, Petroleum Minister Dharmendra Pradhan said on Thursday.
The move is aimed at boosting domestic output and securing India’s energy needs.Under the third round, 32 contract areas comprising 75 discoveries are on offer. The last date of bid submission is 31 August
India Business News: The government will auction unmonetised large oil and gas fields of state-owned ONGC and OIL to boost the country's hydrocarbon production, Petroleum
India Business News: The government will put on the block large discoveries made by state-run ONGC and Oil India Ltd but are yet to be brought to production, oil minister