Oil Giants Hesitate Despite ₹84,084 Cr Offer Under OALP
The Hydrocarbon Exploration and Licensing Policy (OALP), introduced in 2016, aimed to shift from government-led to investor-led exploration by allowing companies to nominate acreage for exploration. Despite an offer worth ₹84,084 crore, major oil companies remain hesitant to dive into new exploration blocks under this policy.
Economic Times·



