Diabytes
Oil blocks News
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ONGC Videsh Ltd, the overseas arm of state-owned explorer Oil and Natural Gas Corp (ONGC), has lost out on its bid for two oil blocks in Mexico's first licensing round in 88 years.
ONGC Videsh Ltd is among the 19 companies and seven groups to have pre-qualified to bid for Mexico's maiden offshore oil blocks auction.
OIL-led consortium won these blocks under Myanmar offshore bidding round 2013 which was launched on April 11, last year.
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