India to Overhaul Exploration Policy

India to Overhaul Exploration PolicyIndia to Overhaul Exploration Policy

After unveiling major reforms since BJP's storming to power, Indian Oil Minister Dharmendra Pradhan plans to overhaul the exploration policy to attract investors, spur energy output and revive the economy. Pradhan wants to replace the 15-year old production sharing regime which has produced more controversies and less oil and gas, the Economic Times reported Sunday.