India postpones oil and gas block auctions to December

Nov 02, 2007 01:00 AM

India has deferred the seventh round of auctions for its oil and gas blocks to December from November, a senior oil ministry official said.
"Because the Parliament session has been advanced to mid-November, we have decided to launch it (the auctions) in December," M.S. Srinivasan told.

Roadshows for the auctions for the new exploration licenses will be held in January and February, he said.

Source: Dow Jones & Company
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