KEYFACT Energy
After months of delay, India will Monday launch the second auction of 14 blocks for prospecting of oil and gas in an attempt to raise domestic output to cut imports.
Officials said the Open Acreage Licensing Policy (OALP) bid round-II, with 14 blocks measuring 29,333 square kilometres in aggregrate area on offer, will be launched by Oil Minister Dharmendra Pradhan on Monday.