INDIA ADVANCING AS INTERNATIONAL EXPLORATION TARGET

Mighty as it is in terms of sedimentary area, hydrocarbon potential, and sheer market size, India does not occupy a position of like stature on the international oil explorer's chart. Yet Indian government policy initiatives during the past i years have thrown the country open to foreign investment upstream an downstream. Strapped for cash, hounded by declining production and reserves, the government is leaving higher cost and higher risk exploration to foreign and domestic private sector

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