India reducing dependence on oil import, exploration of oil and gas underway in country

News Today 23.03.2021

The government is making all efforts to reduce import dependence. Ministry of Petroleum and Natural Gas has taken numerous steps inter alia promotion of renewable and alternate fuels like compressed biogas and biodiesel, ethanol, second-generation ethanol, promotion of natural gas as clean fuel/feedstock in the country with a view to moving towards a gas-based economy, promoting energy efficiency and conservation, refinery process improvements, efforts for increasing production of oil and natural gas through various policies under PSC regime, Hydrocarbon Exploration and Licensing Policy, Discovered Small Field Policy, Setting up of National Data Repository, etc. (Read More)

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