💨 Abstract

The Indian government tabled the Oilfields (Regulation and Development) Amendment Bill, 2024, in Lok Sabha to amend existing oil and gas laws and boost investment. The bill aims to decriminalize certain provisions, offer stability for global investors, and delink petroleum operations from mining operations. The bill does not alter the existing level-playing field, nor does it give preferential treatment to private or public entities.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖