India targets $40bn of untapped oil and gas - FT.com:
"India aims to attract $25bn of investment in natural gas and crude oil in the next few years with the help of sweeping reforms to its exploration and production rules announced last week.
Dharmendra Pradhan, minister of state for petroleum and natural gas, said the new hydrocarbon exploration and licensing policy (Help) and a liberalised gas price regime would help reduce India’s heavy dependence on imported energy over the next 10-15 years."
'via Blog this'
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