More global giants likely to bid for NELP-VII

ExxonMobil, the world's largest oil company, and ConocoPhillips and Chevron of the United States, are likely to participate in India's seventh round of the New Exploration and Licensing Policy (NELP-VII), according to Director General of Hydrocarbons V K Sibal.

This will significantly swell the ranks of international oil giants keen to
participate in the auction of oil blocks for exploration and production in
India.

None of the three participated in the sixth round of auctions in March this year, when the government allotted 55 blocks.

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