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INDIAN OIL CORP IN TALKS WITH OIL MAJORS FOR OIL/GAS BLOCKS.

AsiaPulse News

| February 01, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW DELHI, Feb 1 Asia Pulse - Indian Oil Corp (BSE:530965) is in talks with Exxon Mobil, Chevron and Reliance Industries (BSE:500325) for bidding for oil and gas blocks offered in the seventh round of the new exploration and licensing policy.

"We are in talks with several companies both domestic and overseas for bidding for NELP-VII," IOC Chairman S Behuria told reporters here.

IOC has established contacts with Petrobas of Brazil, Exxon Mobil and Chevron during the road shows for NELP-VII and "the response is very positive," he said.

The company is also in talks with ONGC (BSE:500312), Oil India, Gail (BSE:532155), and RIL for joint ...

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Source: HighBeam Research, INDIAN OIL CORP IN TALKS WITH OIL MAJORS FOR OIL/GAS BLOCKS.

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