BHP offered partnership with domestic major to return to Indian oil, gas blocks
KOLKATA (miningweekly.com) – India has offered mining giant BHP Billiton a collaboration with domestic exploration and production (E&P) major ONGC Limited to lure the major back to the nine oil and gas blocks it relinquished in October.
India’s Petroleum and Natural Gas Ministry said that an alliance between ONGC and BHP Billiton would be mutually beneficial, as the domestic E&P major needed oil and gas blocks, while the Anglo-Australian resource major could depend on the Indian company to address the reasons that led it to exit from the nine blocks..
Read more at: http://www.miningweekly.com/article/bhp-offered-partnership-with-domestic-major-to-return-to-indian-oil-gas-blocks-2013-12-04
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