About 60 blocks to be auctioned in second round of petro bids

Govt eyes start-ups and small national and international companies for bids

The second round of bidding for discovered small and marginal fields (DSF) in the petroleum sector is set to take place in October.

“We are eyeing start-ups and small national and international companies. About 60 blocks will be on offer for the II round,” said an official.

According to sources, the Directorate General of Hydrocarbons (DGH) has shortlisted these blocks, now before the ministry of petroleum and natural gas for clearance..

India is the third largest consumer of petroleum products, after America and China. The country’s share of global demand is expected to grow from the current