New rules to transform India's oil and gas sector
pre-market1 source ↓written by the desknot a recommendation
- be processed
- 180 days
Union Petroleum and Natural Gas Minister Hardeep Singh Puri announced that the Petroleum and Natural Gas Rules 2025 will significantly enhance domestic hydrocarbon production and energy security. The new regulations clarify lease value disputes and mandate that lease applications be processed within 180 days. This could expedite projects like ONGC's oil discovery in West Bengal, boosting sector activity. ⚡
Not investment advice. For informational purposes only.