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Natural Gas Minister, Murli Deora, finally launched the seventh round of the New Exploration Licensing Policy. The Minister said that the response to the seventh round of NELP (New Exploration Licensing Policy) was Road shows would be soon held in. Press Note by Ministry of Petroleum & Natural Gas on the occasion of launch of Seventh round of New Exploration Licensing Policy (NELP-VII) offering 57. Feb 27, 2008. Under the 1997 New Exploration Licensing Find job LVN Team Policy, or Nelp, the oil sector gets 100% deduction on depreciation cost of exploration equipment. File Format:

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