India’s OIL to bid for more exploration blocks in Libya

Set to surpass its production target for 2005-06, India’s state-owned Oil India Ltd (OIL) will bid for more exploration blocks in Libya, where it already holds stakes in one block with Indian Oil Corporation.

“We are preparing to jointly bid in October with Indian Oil for the next round of exploration blocks being offered by Libya. We are currently examining data for five of the blocks and will submit our bids by October end,” a senior OIL official told Indo Asian News Service (IANS) Thursday.

People’s Daily