KEYFACT Energy
India's offer of seven oil blocks on revamped licence terms attracted just eight bids from state-owned firms including six single bids in the latest licensing round.
The Directorate General of Hydrocarbons (DGH) in a statement said state-owned Oil and Natural Gas Corporation (ONGC) bid for all the seven blocks while Oil India Ltd (OIL) put in an offer for one block at the close of bidding on Thursday.
The block in Rajasthan saw competition from ONGC and OIL but the five in Madhya Pradesh and one in West Bengal saw single bids from ONGC, DGH said.
Source: Business Standard l KeyFacts Energy: Licensing news