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“Changing industry dynamics both globally and domestically, besides emergence of new industry influencing determinants will have a bearing on the petrochemical sector,” ICRA said.

A clutch of reform proposals are expected from the Cabinet Committee on Economic Affairs (CCEA) aimed at the upstream hydrocarbon sector today. While the move to usher in gradual marketing freedom and higher pricing power to producers of natural gas from unexploited difficult areas is possible, a single-licence system for all forms of hydrocarbons may also be ushered in

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