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India to Announce Bidding Results for 45 Oil Blocks in August, an Industrial Info News Alert

Posted on: Friday, 18 July 2008, 09:01 CDT

Researched by Industrial Info Resources (Sugar Land, Texas) -- The results of bids for exploration and development rights on 57 oil blocks in India will be revealed by August 31. BHP Billiton Limited (NYSE:BHP) (Melbourne, Australia) is the leading foreign company in submitting bids. Partnered with GVK Oil and Gas Limited, a subsidiary of GVK Power and Infrastructure Limited (BOM:532708) (Secundrabad, India), BHP placed bids on seven of the 12 deepwater blocks. DGH also revealed that BP (NYSE:BP) (London) entered into a partnership with Reliance Industries Limited (BOM:500325) (Mumbai) in bidding for one deepwater block.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information, send inquiries to refininggroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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SOURCE: Industrial Info Resources

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