Govt permits 100% FDI in Petroleum Sector, says Pradhan

The Minister of State for Petroleum & Natural Gas Dharmendra Pradhan informed the Lok Sabha in a written reply on Monday that the Government of India permits Foreign Direct Investment (FDI) across the hydrocarbon value chain covering the upstream, downstream and midstream sectors.

The present FDI policy for petroleum & natural gas sector allows 100% automatic route for exploration and production, refining by the private companies, marketing of petroleum products, pipelines, storage and LNG regasification infrastructure and all related services, subject to existing sectoral policy and regulatory framework in the oil and gas sector

The Government is encouraging participation of the private sector, including foreign companies in exploration, production and transportation network for petroleum and natural gas, in order to supplement the domestic investment as well as the efforts of the national oil companies in meeting the rising demand of oil and gas and reducing import dependence.

Dharmendra PradhanFDIHydrocarbon Value ChainLNGPetroleum Sector