India mandates oil and gas firms to share data
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India has mandated oil and gas firms to submit detailed data on production, imports, stocks, and consumption to the Petroleum Planning and Analysis Cell (PPAC). This order aims to enhance monitoring of the petroleum and natural gas supply chain, ensuring better oversight in the public interest.
• The directive applies to producers, refiners, importers, and distributors.
• Regular reporting intervals will be established to maintain data accuracy.
This move may impact operational transparency and regulatory compliance in the sector.
Not investment advice. For informational purposes only.