Pol­icy Mon­i­tor

FICCI Business Digest - - Contents -

3 Au­gust 2018

FICCI com­pli­ments the Union Gov­ern­ment for ap­prov­ing pol­icy re­forms for ex­plo­ration and ex­ploita­tion of un­con­ven­tional hy­dro­car­bons un­der ex­ist­ing con­tract. The new pol­icy is likely to open up ex­plo­ration of hy­dro­car­bons in ex­ist­ing fields, which is in line with the new Hy­dro­car­bon Ex­plo­ration and Li­cens­ing Pol­icy (HELP). This should also en­hance do­mes­tic ex­plo­ration and pro­duc­tion of all hy­dro­car­bons, thereby in­creas­ing In­dia's en­ergy se­cu­rity and re­duc­ing de­pen­dence on im­ports.

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