World of Oil and Gas ///

India expects to award the oil and gas exploration blocks it auctioned last year to successful bidders by March 2012, a senior oil ministry official said. The South Asian nation received bids for 33 of 34 exploration blocks auctioned in its ninth bidding round in March 2011. The auctions covered eight deepwater blocks, seven shallow-water blocks off both the eastern and western coasts, and 19 onshore blocks in the states of Gujarat, Rajasthan, Tripura and Assam.

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