India defers new oil and gas auction until November

04 Aug, 2007

India has postponed until November its next auction of oil and gas blocks due to a shortage of rigs and a dispute over gas pricing, the country's upstream regulator said on Friday. It had planned to auction about 80 blocks this month.
"It has been deferred to November," V.K. Sibal, head of the Directorate General of Hydrocarbons, told Reuters.

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