US EditionSignificant progress in petroleum sector development with SIFC collaboration
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Significant progress in petroleum sector development with SIFC collaboration
Effective measures have been taken with the collaboration of the Special Investment Facilitation Council (SIFC) to increase the share of petroleum companies in the sale of gas reserves. As per SFIC’s recommendations, the regulations regarding the sale of new gas reserves have been relaxed. The share allocated to exploration and production (E&P) companies for gas reserves has been increased from 10% to 35%. Companies have also been allowed to use…
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