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India offers simpler permits, tax sops and freedom from pricing restrictions to operators who are willing to invest in developing its smaller fields
India is expected to be the next China in terms of demand growth for energy, and now the country is hoping to attract wildcatters and risk-takers willing to develop its smaller oil and gas fields. India’s $2 trillion economy imports roughly 77% of its crude oil and natural gas, making it heavily dependent on other producers, something Indian Prime Minister Narendra Modi would like to change.

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