The Oilfields (Regulation and Development) Amendment Bill, 2024, introduced in Rajya Sabha in August 2024 expands the definition of mineral oils to include which of the following?

Correct option is D

The correct answer is  (d) Petroleum and natural gas

Explanation:

The Oilfields (Regulation and Development) Amendment Bill, 2024, aims to expand the definition of mineral oils to include these resources. This expansion is vital as it aligns with the current energy trends and regulatory practices, considering the role of natural gas as a cleaner energy alternative to fossil fuels like coal and oil.

Information Booster:

1. The amendment broadens the regulatory framework for petroleum and natural gas.

2. Petroleum includes crude oil, which is a primary energy source.

3. Natural gas is being increasingly considered a cleaner alternative in energy policies.

4. This expansion is meant to streamline the exploration and development process of these energy resources.

5. The inclusion of petroleum and natural gas in the definition is essential for energy security.

Additional Information:

• The expanded definition of mineral oils now covers petroleum and natural gas, which are vital in the current energy market.

• Coal and lignite, being solid fuels, are not included in this expansion. Similarly, biofuels and ethanol, although part of the broader energy transition, do not fall under the mineral oil classification in this bill.