India relaunches largest auction of oil, gas areas
Mumbai, Aug 8 India today relaunched its largest ever auction of oil and gas exploration areas, aiming to attract USD 3-4 billion investment towards boosting energy security.
Reuters reported that top oil exporter Saudi Arabia is selling more crude to India in July as two refiners have asked for additional cargoes, industry and company sources familiar with the plan said, in part to make up for a loss of supplies from Iran.