India plans to participate in oil block auctions in UAE, says oil minister | Reuters:
India is in talks with some UAE-based companies to jointly bid for oil blocks in UAE, India’s oil minister said on Monday.
“We are in talks that India could bid in the next licensing round of UAE with some Middle Eastern nation companies like Mubadala,” Dharmendra Pradhan, India’s oil minister said.
“Oil producers don’t want to miss India’s bus,” Pradhan said referring to India’s enhanced role in global markets.
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