17 November 2025
17 November 2025
The previous administration under Joe Biden blocked leasing for oil and gas extraction across 10.6 million acres within the reserve.
Oil production from the affected fields can continue for now but the government has six months to address procedural shortcomings.
The price of Brent crude increased by $1.50 (2.4%) to $64.51/bbl.
The investment will support CI's Venture Strategy fund focused on technologies that reduce emissions across the oil and gas sector.
Pasakhi-14 is now producing 1,100bopd.
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