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India awards 172 oil and gas blocks in 10 years but output stays near zero
Economy
Published on 1 May 2026
Only one small field is really producing
India’s decade-long push to expand oil and gas production has delivered little on the ground. In 10 years, the government awarded 172 blocks and saw extensive exploration, yet only one marginal field produces. Experts cite geological hurdles and a shift of risk to companies, deterring global capital, while state-run firms dominate auctions—leaving imports as the default supply.
- 172 oil and gas blocks awarded in a decade produced almost nothing
- Only one marginal field is currently producing
- Geological challenges and risk shift deter global investment
- State-run firms dominate, keeping import dependence high
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times