During 2016 turnover of India’s oil and gas producers declined by 11.9%, as extraction volume contracted due to India’s ageing oil fields
the Hydrocarbon Exploration and Licensing Policy expected to liberalise the hydrocarbon industry’s pricing and reduce the administrative and logistical burdens for India’s oil companies
Since 2017 private oil extractors in India have permission to explore and extract shale oils
The industry forecast to grow 9%CAGR over 2016-2021, as hydrocarbon extraction reform gives way to new field development
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