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Oilfields Amendment Bill Passed in RS
The Daily Guardian
|March 13, 2025
Oilfields (Regulation and Development) Amendment Bill, 2024 to expand the definition of mineral oils and include petroleum and natural gas passed in the Rajya Sabha on Tuesday.
The bill was introduced by Union petroleum and natural gas minister Hardeep Singh Puri for consideration and passing. The Bill will regulate the exploration and extraction of natural gas and petroleum. The amended bill expands the definition of mineral oils to include petroleum and natural gas in it.
The amended bill includes any naturally occurring hydrocarbon, coal bed methane, and shale gas/oil in the category of mineral oils. However, it clarifies that mineral oils will not include coal, lignite or helium.
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