To restore investors’ confidence in oil and gas sector Union Petroleum Minister Veerappa Moily will meet investment bankers and top industry executives in Mumbai next week. The meet has been schedule before launching the tenth bidding round of exploration blocks.
Moily said that to accelerate domestic exploration, the Directorate General of Hydrocarbons (DGH) has carved out about 86 blocks, for which necessary clearances are being taken from the ministries concerned.
The government is planning to announce the launch of the auction round in an industry meet scheduled in January, he added.
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