The Union Cabinet and the Cabinet Committee on Economic Affairs in its meeting yesterday gave its approval for Hydrocarbon Exploration Licensing Policy.
Shares of companies operating in the oil and gas sector are trading higher on BSE after the government yesterday announced a major boost for the petroleum and hydrocarbon sector.
BPCL is currently trading higher at Rs. 813 (up 2.59%), HPCL at Rs. 735.85 (up 2.10%), Cairn India 143.40 (up 1.92%), Reliance Industries at Rs. 1,027.25 (up 1.51%), IOC at Rs. 391 (up 1.28%) and Oil India at Rs. 380.35 (up 0.93%).
The Union Cabinet and the Cabinet Committee on Economic Affairs in its meeting yesterday gave its approval for Hydrocarbon Exploration Licensing Policy, HELP, an innovative policy for future, which provides a uniform licensing system to cover all hydrocarbons such as oil, gas, and coal bed methane under a single licensing framework.
BPCL is currently trading higher at Rs. 813 (up 2.59%), HPCL at Rs. 735.85 (up 2.10%), Cairn India 143.40 (up 1.92%), Reliance Industries at Rs. 1,027.25 (up 1.51%), IOC at Rs. 391 (up 1.28%) and Oil India at Rs. 380.35 (up 0.93%).
The Union Cabinet and the Cabinet Committee on Economic Affairs in its meeting yesterday gave its approval for Hydrocarbon Exploration Licensing Policy, HELP, an innovative policy for future, which provides a uniform licensing system to cover all hydrocarbons such as oil, gas, and coal bed methane under a single licensing framework.
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