News on NELP (Business Opportunities - Marketing & Sales)

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Item ID 3114920 in Category: Business Opportunities - Marketing & Sales

News on NELP


News on NELP

The New Exploration Licensing Policy (NELP) in India has played a pivotal role in boosting the country’s oil and gas exploration activities. Introduced in 1997, NELP aimed to attract foreign investment by offering competitive bidding rounds and awarding exploration blocks to private and foreign companies. This policy was instrumental in expanding India’s domestic energy production by promoting competition, transparency, and technology transfer. Over the years, NELP led to the discovery of significant reserves and encouraged several international oil companies to explore opportunities in India. However, with changing market dynamics and evolving global energy needs, India is now transitioning to a more flexible and investor-friendly model under the Open Acreage Licensing Policy (OALP), News on NELP, indianpetroplus

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Last Update : 11 March 2025 1:41 AM
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