This is in continuance of our series on consolidated FDI policy of India 2012 by DIPP. The previous articles in this regard are(1) Consolidated FDI policy of India 2012 by DIPP: objectives,
(2) Consolidated FDI policy of India 2012 by DIPP: definitions,
(3) Consolidated FDI policy of India 2012 by DIPP: general provisions,
(4) FDI in limited liability partnerships (LLPs) in India 2012,
(5) Permissible direct and indirect foreign investment in an Indian company,
(6) Foreign investment promotion board (FIPB) and FDI policy of India 2012,
(7) Prohibited sectors under the consolidated FDI policy of India 2012,
(8) FDI in agriculture and animal husbandry under consolidated FDI policy of India 2012,
(9) FDI in mining sector of India under consolidated FDI policy of India 2012
In this article Perry4Law and Perry4Law Techno Legal Base (PTLB) would discuss the provisions pertaining to FDI in petroleum and natural gas sector of India under consolidated FDI policy of India 2012.
FDI in exploration activities of oil and natural gas fields, infrastructure related to marketing of petroleum products and natural gas, marketing of natural gas and petroleum products, petroleum product pipelines, natural gas/pipelines, LNG Regasification infrastructure, market study and formulation and Petroleum refining in the private sector, subject to the existing sectoral policy and regulatory framework in the oil marketing sector and the policy of the Government on private participation in exploration of oil and the discovered fields of national oil companies would be allowed upto 100% through automatic route.
FDI in petroleum refining by the Public Sector Undertakings (PSU), without any disinvestment or dilution of domestic equity in the existing PSUs, would be allowed upto 49% through government approval route.
