Report
BP weighs bids for oil and gas exploration blocks in India
CEO Meg O’Neill cited attractive fiscal and legal terms and government support for foreign investment, The Economic Times reports.
TLDR
The Economic Times reports BP is actively looking at India’s current exploration rounds. CEO Meg O’Neill praised the Samudra Manthan reforms, which aim to encourage exploration and fund infrastructure to develop small oil and gas resources already discovered. The policy, announced in July, has an outlay of around Rs 84,000 crore.
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