Exploration activities of oil and natural gas fields, infrastructure related to marketing of petroleum products and natural gas, marketing of natural gas and petroleum products, petroleum products’ pipelines, natural gas pipelines, LNG regasification infrastructure, market study, formulation and petroleum refining in private sector, subject to the existing sectoral policy and regulatory framework in the oil marketing sector and the policy of the government or private participation in exploration of oil and the discovered fields of natural oil companies – 100% FDI, automatic route.
Petroleum refining by PSU, without disinvestment of dilution of domestic equity in existing PSUs is allowed up to 49% through automatic route.
In India Investment opportunities under this sector are in Upstream, gas pipeline, CGD network, LNG Terminal, Petrochemical and Refinery.
Supportive Government Regime allows ease of doing business in this sector.
All exploration and drilling costs are 100% tax-deductible. Such costs are aggregated until the year of commencement of commercial production.