INDIA OFFERING OIL, GAS FIELD DEVELOPMENT JOINT VENTURES

India is stepping up efforts to attract private foreign and domestic partners in upstream joint ventures. Following disappointing results in its most recent exploration bidding round, the government will offer joint ventures with private foreign and domestic companies involving development of 43 oil and gas fields. Among the first major projects to be available are Mukta and Panna oil and gas fields in the Bombay High area, Ravva oil and gas field in the Krishna-Godavari offshore area, and

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