Govt awarded 172 oil & gas blocks in 10 years, but negligible output brings policy and execution into focus

Experts question the policy's effectiveness. Geological challenges and a shift in risk to companies deter global investment. The government continues auctions, but state-run firms dominate. This situation highlights India's ongoing dependence on imports.

May 2, 2026 - 11:30
 0
Govt awarded 172 oil & gas blocks in 10 years, but negligible output brings policy and execution into focus
Experts question the policy's effectiveness. Geological challenges and a shift in risk to companies deter global investment. The government continues auctions, but state-run firms dominate. This situation highlights India's ongoing dependence on imports.

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