'Restrict state-run explorers to promote private operators - Economic Times

NEW DELHI: As the government prepares to launch the 9th round of bidding for oil and gas areas, private operators have demanded that participation by state-run firms like ONGC be curtailed to promote higher private interest.

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The government is likely to launch the New Exploration Licensing Policy (NELP)-IX round in October and in preparation of that upstream nodal authority DGH held an investor meet today to seek comments of the industry on policy regulations.

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ONGC and Oil India have dominated the eight previous rounds of NELP, bagging over two-thirds of the 235 exploration blocks or areas awarded so far. 70 blocks were offered in the NELP-VIII round last year, of which only 32 were awarded, most of which went to ONGC and OIL.

'Restrict state-run explorers to promote private operators - Economic Times