Oil and Natural Gas Archives - IndBiz | Economic Diplomacy Division | IndBiz

overview
strengths
policies
agencies

Ministry of Petroleum and Natural Gas

India is the largest exporter of petroleum products in Asia, and the 2nd largest refiner in the region.

3rd

largest consumer of oil in the world.

4th

largest importer of LNG in the world.

US$ 118 bn

project investments by 2024

15%

share of natural gas in the energy mix by 2030

100%

FDI (automatic route) in O&G exploration.

28trn tonnes

of oil and gas deposit, 60% of which is yet to be harnessed.

16,770 km

natural gas pipeline network is spread across India and steadily growing.

20%

ethanol blending in petrol by 2025

249mn tonnes

of current annual refining capacity from 23 refineries, including 18 state-run.

10.4%

Electricity Consumption Growth (Apr-Feb 2023)

Biofuel refineries are planned to be opened with an investment of US$1.5bn.

Hydrocarbon Exploration & Licensing Policy

Under this Policy, exploration blocks shall be awarded on continuous basis through e-bidding in a transparent manner.

Discovered Small Field Policy

Single licence to explore and extract all types of hydrocarbon resources will be allowed.

Open Acreage Licensing Policy(OALP)

The Government of India introduced the Open Acreage Licensing Policy (OALP) as a part of the Hydrocarbon Exploration and Licensing Policy (HELP) on March 30, 2016.

Policy Framework for Exploration and Exploitation of Unconventional Hydrocarbons

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the policy to permit exploration and exploitation of unconventional hydrocarbons such as Shale oil/gas, Coal Bed Methane (CBM).

Production Sharing Contracts (PSCs) in Pre-NELP and NELP Blocks

The Cabinet has approved the policy framework for streamlining the operations of Production Sharing Contracts (PSCs) for increased domestic production of hydrocarbon resources.

Enhanced Recovery Methods for Oil and Gas

The Union Cabinet has approved the Policy framework to promote and incentivize oil and gas exploration and production in the country.

National Policy on Biofuels

India is endowed with abundant renewable energy resources. Therefore, their use should be encouraged in every possible way.

New Exploration Licensing Policy (NELP)

The main objective of the policy was to attract significant risk capital from Indian and Foreign companies, state of part technologies, new geological concepts and best management practices to explore oil and gas resources in the country to meet rising demands of oil and gas.

Policy Reforms in Exploration of Oil & Gas

To increase exploration activities, attract domestic and foreign investment in unexplored/unallocated areas of sedimentary basins, and enhance domestic production of oil and gas from existing fields and promote ease of doing business by streamlining and expediting the approval processes.

Guidelines for the authorization for bulk and retail marketing of Petrol and Diesel

The guidelines have been integrated to increase Private Sector participation in the retail marketing of fuels. Prospective participants are to have a minimum net worth of US$ 33 mn.

Launch of the Project Monitoring Unit (PMU)

The Project Monitoring Unit (PMU) will help reduce the time required for receiving approvals and clearances.

Oil Industry Development Board

0120-2594602

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The Oil Industry Development Board is functioning under the administrative control of Ministry of Petroleum & Natural Gas.

Oil and Natural Gas Corporation

011-26752021

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ONGC is the largest crude oil and natural gas company in India, contributing around 70 per cent to Indian domestic production.

Petroleum Conservation Research Association

91-11-26198856

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It helps the government in proposing policies and strategies for petroleum conservation, aimed at reducing excessive dependence of the country on oil requirement.

Directorate General of Hydrocarbons

91-120-2472001, 91-120-2472004

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A nodal agency for implementation of NELP and CBM policy on behalf of Ministry of Petroleum & Natural Gas.

Petroleum Planning & Analysis Cell

011-24306191/92, 011-24361314

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The agency provides information on production, consumption, import/export, prices, subsidy and marketing infrastructure of the country's oil and gas sector.

Ministry of Petroleum and Natural Gas

Oil and Natural Gas

India is the largest exporter of petroleum products in Asia, and the 2nd largest refiner in the region.

Hydrocarbon Exploration & Licensing Policy

Discovered Small Field Policy

Open Acreage Licensing Policy(OALP)

Policy Framework for Exploration and Exploitation of Unconventional Hydrocarbons

Production Sharing Contracts (PSCs) in Pre-NELP and NELP Blocks

Enhanced Recovery Methods for Oil and Gas

National Policy on Biofuels

New Exploration Licensing Policy (NELP)

Policy Reforms in Exploration of Oil & Gas

Guidelines for the authorization for bulk and retail marketing of Petrol and Diesel

Launch of the Project Monitoring Unit (PMU)

Oil Industry Development Board

The Oil Industry Development Board is functioning under the administrative control of Ministry of Petroleum & Natural Gas.

Oil and Natural Gas Corporation

ONGC is the largest crude oil and natural gas company in India, contributing around 70 per cent to Indian domestic production.

Petroleum Conservation Research Association

It helps the government in proposing policies and strategies for petroleum conservation, aimed at reducing excessive dependence of the country on oil requirement.

Directorate General of Hydrocarbons

A nodal agency for implementation of NELP and CBM policy on behalf of Ministry of Petroleum & Natural Gas.

Petroleum Planning & Analysis Cell

The agency provides information on production, consumption, import/export, prices, subsidy and marketing infrastructure of the country's oil and gas sector.

Investment Opportunities

Useful Links:

Key Investors

ENABLING ENVIRONMENT

News

Trump’s second term signals growth opportunities for India

Trade negotiations: FTAs with UK, EU, and EAEU advance

Russia highlights expanding trade growth with India

Oil and Natural Gas

India is the largest exporter of petroleum products in Asia, and the 2nd largest refiner in the region.

Hydrocarbon Exploration & Licensing Policy

Discovered Small Field Policy

Open Acreage Licensing Policy(OALP)

Policy Framework for Exploration and Exploitation of Unconventional Hydrocarbons

Production Sharing Contracts (PSCs) in Pre-NELP and NELP Blocks

Enhanced Recovery Methods for Oil and Gas

National Policy on Biofuels

New Exploration Licensing Policy (NELP)

Policy Reforms in Exploration of Oil & Gas

Guidelines for the authorization for bulk and retail marketing of Petrol and Diesel

Launch of the Project Monitoring Unit (PMU)

Oil Industry Development Board

The Oil Industry Development Board is functioning under the administrative control of Ministry of Petroleum & Natural Gas.

Oil and Natural Gas Corporation

ONGC is the largest crude oil and natural gas company in India, contributing around 70 per cent to Indian domestic production.

Petroleum Conservation Research Association

It helps the government in proposing policies and strategies for petroleum conservation, aimed at reducing excessive dependence of the country on oil requirement.

Directorate General of Hydrocarbons

A nodal agency for implementation of NELP and CBM policy on behalf of Ministry of Petroleum & Natural Gas.

Petroleum Planning & Analysis Cell

The agency provides information on production, consumption, import/export, prices, subsidy and marketing infrastructure of the country's oil and gas sector.

Investment Opportunities

Useful Links:

Key Investors

ENABLING ENVIRONMENT

News

Trump’s second term signals growth opportunities for India

Trade negotiations: FTAs with UK, EU, and EAEU advance

Russia highlights expanding trade growth with India

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