💨 Abstract

The Indian government passed a bill to overhaul its upstream oil and gas policy, expanding its scope to include shale oil, shale gas, and coal bed methane. The legislation aims to improve the ease of doing business, provide fiscal stability, and attract foreign investment, according to BP CEO Murray Auchincloss. He believes the reforms can help mitigate risks and support India's oil and gas sector modernization, attracting global players.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖