India unveils biggest oil & gas auction
Updated on Apr 10, 2009 09:11 pm IST
At a time when global oil demand is heading downwards, India has launched it's biggest-ever auction of oil and gas assets, offering 70 exploration blocks to attract investor s. India offered 24 deepwater blocks, 28 shallow water blocks and 18 on-land blocks, with the blocks being distributed throughout the country.
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