India introduces amendment Bill separating petroleum operations from mining and expanding definitions to enhance ease of business in the E&P sector.

India's MoPNG introduced an amendment Bill in Parliament to enhance ease of business in the E&P sector. The proposed amendments include separating petroleum operations from mining, expanding the definition of mineral oils, introducing 'petroleum lease', and providing robust enforcement mechanisms. The changes aim to meet energy needs, address energy transition issues, and promote investment for increased domestic oil and gas production. The bill delinks petroleum operations from mining, broadens the scope of mineral oils, introduces 'petroleum lease' and aims to strengthen petroleum operations, facilitate energy transition, and attract investment.

August 05, 2024
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