Only ONGC, OIL may get to explore shale resources: Oil ministry
NEW DELHI: The oil ministry has retracted its move to allow successful explorers such as Reliance Industries BSE -2.33 % and Cairn IndiaBSE 2.26 % to explore shale oil and gas in their existing blocks without bidding after the finance ministry said new entrants should also be given an equal opportunity.
The oil ministry, which had said earlier that the existing operators could be permitted to explore shale resources, along with conventional oil and gas, has now proposed that only state-run ONGCBSE 1.67 % and Oil India should be allowed to explore shale in blocks that were given to them without an auction, government officials said. Economic Times
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