Saturday, August 8, 2009

India Natural Gas Looking for Partners in New Bids

By Paresh Jatakia

Aug. 8 (Bloomberg) -- Oil & Natural Gas Corp., India’s biggest state-run explorer, is looking for strategic partners to bid for the country’s biggest auction of oil and gas fields, Chairman R.S. Sharma said.

The company “looks forward” to partnering with other companies, Sharma said at an event organized in Mumbai today by the Petroleum Ministry to attract bidders for the 70 oil and gas areas it is offering to domestic and overseas companies to help increase local output and reduce dependence on imports.

To contact the reporter on this story: Paresh Jatakia in Mumbai at

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