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Rajya Sabha passes bill to boost oil and gas E&P business
Mint Mumbai
|December 04, 2024
The Rajya Sabha on Tuesday passed a landmark bill with sweeping measures aimed at making it easier to do business in the oil and gas exploration and production (E&P) sector and attract greater investments.
The Oilfields (Regulation and Development) Amendment Bill, 2024, also proposed to delink petroleum operations from mining operations, which is expected to bring in more investments into the sector. The bill was passed by a voice vote.
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