Business Standard

$600 mn investment seen in oil exploration round

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Reuters New Delhi

The country's upstream regulator hopes to get an investment of $600 million in the ninth exploration licensing round, its Director General SK Srivastava said on Wednesday.

State-run companies have won operating rights for almost half of the 16 blocks awarded under the country's ninth exploration licensing round, a government statement said, with foreign firms yet again hardly in evidence.

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First Published: Mar 28 2012 | 12:46 PM IST

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