The Cabinet Committee on Economic Affairs (CCEA) today approved the award of 44 oil and gas exploration blocks under the seventh round of auction of the New Exploration Licensing Policy (Nelp-VII). The allotment is expected to attract investments of $1.5 billion, around 57 per cent less than the $3.5 billion commitment for the 52 blocks awarded under the previous auction.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/govt-awards-44-oil-gas-blocks
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil-exploration
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/natural-gas-exploration
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil-and-natural-gas-corporation-ongc
