India to Fast Track NELP-IV Awards

Ram Naik, Indian Oil and Petroleum Minister said that decisions on the award of exploration licenses for NELP-IV would be made by December 31, 2003. Speaking at a roadshow to promote India's latest licensing round, he said that his ministry had gotten rid of the red tape. "The decisions will be completed by December 31, 2003 (on allocating the new blocks)," he said. Bidding will close September 30, 2003.