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Pvt, FDI in oil exploration

12 May 2010: Till January 2010, India has attracted a whopping $10.3 billion (approx Rs 46,000 crore) private and FDI in the oil and gas hunt.

According to sources, natural gas production in India has increased 75 per cent compared to 2008-09 and is expected to double in near future. The last eighth round of NELP saw the participation of as many as 36 companies including domestic private firms, MNCs and Public Sector Undertakings.

Source: Business Standard