Parliament panel questions why rising oil & gas capex isn’t boosting production
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A parliamentary committee is increasingly scrutinizing whether the surge in oil and gas investments actually translates to higher domestic output. With a notable rise in capital expenditure, projections indicate a decline in crude oil production. The committee demands a comprehensive report detailing potential production benefits stemming from reforms, stressing the urgency of establishing clear performance metrics and accountability for these investments. What's Your Reaction?
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