ONGC gains 3% as Cabinet announces relief for firm in NELP, pre-NELP blocks - Technicalnewsmark

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Thursday, July 19, 2018

ONGC gains 3% as Cabinet announces relief for firm in NELP, pre-NELP blocks

ONGC gains 3% as Cabinet announces relief for firm in NELP, pre-NELP blocks The Cabinet relaxed some production sharing contracts of Pre-New Exploration Licensing Policy (Nelp) and Nelp blocks. Companies such as ONGC and Oil India have been given relief on sharing royalty and cess in pre-Nelp exploration blocks.

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