India Firms to Bid for Myanmar Oil, Gas Blocks

Three state-run Indian companies--ONGC Videsh Ltd., Indian Oil Corp. (530965.BY) and GAIL (India) Ltd. (532155.BY)--will bid for eight oil and gas blocks in Myanmar, Oil Minister M. Veerappa Moily said Friday.

The move is part of India's plans to acquire oil and gas assets overseas to meet the energy-hungry nation's growing demand, the minister told reporters. The country meets about
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