The Economic Times

Oil ministry plans centralised R&D mechanism to steer projects, funding in oil and gas sector

The oil ministry aims to establish a centralised mechanism for research and development in the oil and gas sector. This approach will align initiatives from state-run companies and other organizations with national priorities. The proposed Centre for High Technology will coordinate R&D project allocation, funding, and monitoring. State firms will maintain ownership of their R&D while working collaboratively with other entities.