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flag India launches its largest oil and gas bid round to boost domestic production and reduce imports.

flag India launched its largest oil and gas bid round, OALP-X, offering 25 blocks covering 1.91 lakh square kilometers, mainly in offshore areas, to boost domestic production and reduce imports. flag The event coincides with the India Energy Week, where discussions on energy transition and security will take place. flag The government aims to attract more companies to develop India's upstream sector using a revenue-sharing model and reduced royalty rates. flag This bid round is nearly 40% larger than the previous one, OALP-IX, and includes areas previously designated as 'No-Go' zones.

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