The 10th round of bidding for exploration and production (E&P) of oil and gas assets will be announced only after the government passes the Oilfields (Regulation and Development) Amendment Bill, 2024, in Parliament, likely during the upcoming Budget session, officials said.
The Bill was passed in the Rajya Sabha in the last session but is yet to clear the Lower House. It clarifies the granting and extension of petroleum leases separate from mining leases, allows for international arbitration, and creates a new dispute resolution mechanism for the E&P sector.
Bu hikaye Business Standard dergisinin January 08, 2025 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin January 08, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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