India attracted $36 billion investment, 177 discoveries in pre-2014 oil, gas blocks: Oil Ministry Report
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India’s oil and gas exploration policies, NELP and OALP, attracted significant investment, leading to numerous discoveries. While NELP faced challenges like clearance delays and cost recovery disputes, HELP’s revenue-sharing model aimed to improve ease of business. Recent OALP rounds and the DSF policy continue to drive exploration and development in the sector.