Hydrocarbon Exploration and Licensing Policy I Important Topic Paper 1

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Hydrocarbon Exploration and Licensing Policy
India is the world's third-largest crude oil and petroleum product user. India's oil import bill is affected by global price fluctuations because the country imports over 80% of its crude consumption. In March 2016, the government adopted HELP to replace the New Exploration Licensing Policy (NELP). The new programme, which is part of a government effort to increase oil and gas output by 2022-23, offers easier rules, tax benefits, pricing, and marketing independence.
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