RATIONALISATION OF FDI POLICY FOR THE PETROLEUM AND NATURAL GAS SECTOR

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....FDI in the Petroleum & Natural Gas sector vide Press Note 1(2004) and Press Note 4(2006) permits FDI up to 100% under the automatic route in exploration, petroleum product marketing, petroleum product pipelines, Natural Gas/LNG pipelines, and Petroleum refining in the private sector.  FDI up to 26% is permitted with prior Government approval in petroleum refining by the Public Sector Undertak....