Auction of oil and gas blocks under NELP IX soon - Sify

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The Indian government will soon invite bids for exploration of oil and gas blocks under the ninth round of the New Exploration Licensing Policy (NELP-IX), Petroelum and Natural Gas Secretary S. Sundareshan said here Saturday.

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The Cabinet Committee on Economic Affairs, at a meeting in New Delhi chaired by Prime Minister Manmohan Singh Friday, approved the award of 33 blocks for oil and gas exploration under the eighth round of the NELP.

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