💨 Abstract

In the latest round of India's Open Acreage Licensing Policy (OALP-IX), Reliance Industries, BP, and state-owned ONGC won a Gujarat offshore oil block. ONGC won the most areas, followed by Vedanta. The collaboration marks the first time the three entities have worked together. The consortium aims to strengthen India's energy security goals.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖