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Government Moots to Bring Safety in Oil & Gas Installations Under One Umbrella Organisation

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With four agencies under different ministries being responsible for formulating safety standards in the oil and gas industry, Petroleum Minister Dharmendra Pradhan today mooted bringing them under one umbrella organisation by enacting a new law. 

Source: ET

SNP Insight:

There is an impending need for bringing Quality & Safety in Oil and Gas installations in India under the purview of one umbrella organisation. On the part of Government it requires immense background work to incorporate a policy framework well in accordance to global standards and practices. Also the timely implementation of the entire process hold the key to its execution since it involves a complex tangle of four different entities under different ministries.

Source: SNP Infra Research