India approves oil exploration contracts for ONGC and BHP - Livemint

New Delhi: India approved oil exploration contracts for Oil and Natural Gas Corp. (ONGC), the nation’s biggest energy explorer, and BHP Billiton Ltd as it sought to cut dependence on imports.

I know I can count on my LIC policy for life :)

The South Asian nation approved the award of 33 blocks, home minister P. Chidambaram told reporters in New Delhi on Friday after a cabinet meeting. Two blocks weren’t awarded because the government was offered low profit in the areas, according to a statement, which didn’t give more details.

In Nashik, These guys provide Insurance Plans Nashik\

Asia’s third biggest energy consumer is seeking to reduce dependence on imports to meet demand for fuels as production from four-decade-old domestic fields declines.

Full Story: India approves oil exploration contracts for ONGC and BHP - Livemint