{"id":493902,"date":"2022-05-27T10:49:11","date_gmt":"2022-05-27T05:19:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=493902"},"modified":"2022-05-27T10:49:11","modified_gmt":"2022-05-27T05:19:11","slug":"ongc-to-boost-exploration-with-4-bln-investment-over-3-years","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-to-boost-exploration-with-4-bln-investment-over-3-years\/","title":{"rendered":"ONGC to boost exploration with $4 bln investment over 3 years"},"content":{"rendered":"<p>India&#8217;s state-owned Oil and Natural Gas Corp will invest 310 billion rupees ($4 billion) in the fiscal years 2022-2025, a growth of 50% over the last three year period, to intensify its exploration efforts, it said in a stock exchange filing. India, the world&#8217;s third biggest oil importer and consumer, ships in over 80% of its oil needs.<\/p>\n<p>Asia&#8217;s third largest economy wants to monetise its oil and gas resources to cut its import bill. &#8220;ONGC NSE -4.58 % also plans to leverage international collaborations with reputed global majors for this, for which talks are in an advanced stage,&#8221; it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s state-owned Oil and Natural Gas Corp will invest 310 billion rupees ($4 billion) in the fiscal years 2022-2025, a growth of 50% over the last three year period, to intensify its exploration efforts, it said in a stock exchange filing. India, the world&#8217;s third biggest oil importer and consumer, ships in over 80% of its oil needs. Asia&#8217;s third largest economy wants to monetise its oil and gas resources to cut its import bill. &#8220;ONGC NSE -4.58 % also plans to leverage international collaborations with reputed global majors for this, for which talks are in an advanced stage,&#8221; it [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-493902","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/493902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=493902"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/493902\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=493902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=493902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=493902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}