Business Standard | India Taps Newcomers to Unlock $7 Billion Oil and Gas Assets Bloomberg Development of these small oil and gas fields is crucial for Prime Minister Narendra Modi's plan to reduce oil imports by as much as 10 percent by 2022. The awarded blocks will boost India's oil output by as much as 15,000 barrels of oil per day and ... Cabinet may award 31 oil blocks to 22 companies |