In India, the Ministry of Petroleum and Natural Gas is ultimately responsible for the exploration and production of oil. Since the country is one of the largest consumers of oil in the world, the exploration and production of oil acquires a lot of importance in the entire procurement and supply chain. At the same time, the country imports a large part of its overall requirements of crude oil. It has been universally acknowledged that the country requires more capital investment for more widespread oil exploration and production. This will inevitably lead to greater energy security and rapid economic growth. Hide this