Govt to cut energy import dependence by 10% by 2022: Pradhan

Government's multiple reforms in the oil and gas sector are aimed at increasing the domestic production of oil and gas, thereby reducing the energy import dependence by 10 per cent by 2022, Union Oil Minister Dharmendra Pradhan told industry leaders on Friday. At an interactive meet here on the Discovered Small Field (DSF) Bid Round 2016, the minister briefed about initiatives such as new Domestic Gas Pricing Guidelines and liberalised Hydrocarbon Exploration and Licensing Policy (HELP). The DSF Bid Round 2016 has been introduced under the broad policy of HELP, which offers 46 contract areas consisting of 67 fields across nine sedimentary basins for extraction and exploration of oil and gas.