The government will relaunch the country's largest-ever auction of oil and gas blocks on August 8 and will extend the last date of bidding by two months to mid-October.
The first of the promotional roadshows for 70 blocks offered under the eighth edition of New Exploration Licensing Policy (NELP) and 10 coal-bed methane (CBM) areas will be held in Mumbai on August 8, a Petroleum Ministry official said. India had on April 9 launched the eighth round of auction to give away blocks for exploration under NELP with August 10 being the last date for bidding. But it was deferred over ambiguity on tax holiday for natural gas.
Full Story: Govt to relaunch NELP VIII on August 8 - Business Standard
The first of the promotional roadshows for 70 blocks offered under the eighth edition of New Exploration Licensing Policy (NELP) and 10 coal-bed methane (CBM) areas will be held in Mumbai on August 8, a Petroleum Ministry official said. India had on April 9 launched the eighth round of auction to give away blocks for exploration under NELP with August 10 being the last date for bidding. But it was deferred over ambiguity on tax holiday for natural gas.
Full Story: Govt to relaunch NELP VIII on August 8 - Business Standard
