India seeks more than $1 billion investment with new oil block auction: minister [Reuters]
Vedanta Limited American Depositary Shares (Each representing four equity shares) (VEDL)
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Source: Reuters
India seeks more than $1 billion investment with new oil block auction: minister - Reuters 1 Min Read NEW DELHI (Reuters) - India hopes to attract more than $1 billion of investment in exploration and production blocks awarded to companies on Tuesday under new rules for auctions of oil and gas fields, oil minister Dharmendra Pradhan said. India awarded 32 blocks in the latest two exploration licensing rounds called the open acreage licensing policy (OALP), which allows companies to carve out any area they want to drill. State-owned Oil India Ltd bagged 12 blocks followed by private resources major Vedanta Ltd with 10. A consortium of Reliance Industries Ltd and BP Plc got one. Reporting by Nidhi Verma; Editing by Mark Potter All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. India seeks more than $1 billion investment with new oil block auction: minister NEW DELHI (Reuters) - India hopes to a
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