India courts foreign investors
The government is seeking to revitalise the country’s upstream through a variety of reforms, says Petroleum Secretary Pankaj Jain
India’s dependence on imported hydrocarbons is becoming an ever-growing political and strategic concern as the country’s economic expansion boosts its energy demand. Part of the solution is to unlock more of its domestic production potential, but progress has been frustratingly slow. Pankaj Jain, petroleum secretary in India’s Ministry of Petroleum and Natural Gas, recently spoke to Petroleum Economist in Houston—where the minister was on a roadshow aimed at attracting international E&P investors—about New Delhi’s plans for the oil and gas sector, including stimulating domestic output.What measures are the Indian government taking to reverse the recent trend of declining domestic oil and
Also in this section
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment