IOC, OIL plan to bid for two blocks in Myanmar

State-owned refiner Indian Oil Corp and its exploration partner Oil India Ltd plan to bid for two onshore oil and gas exploration blocks in Myanmar.

IOC-OIL combine had late last month bagged an oil block in Libya, the first ever overseas block won by an Indian firm through the competitive bidding route.

IOC-OIL combine, who may possibly also be joined by state-owned gas utility GAIL (India) Ltd, are planning to bid for Blocks RS-5 and RS-9, west of the Irawaddy River, a top official said.

Hinduistan Times