Energy & Petrochemicals #india#oil
India commits $8.8bn to accelerate offshore oil and gas exploration
India approved an investment programme worth up to 840.84bn rupees ($8.8bn) to accelerate offshore oil and gas exploration over five years, with the goal of adding more than 600m tonnes of discoverable oil equivalent. The National Offshore Exploration Scheme will run until end of the 2030-31 financial year and aims to reduce India's dependence on imported energy.
Aug 3, 2026 1 source