Israel says received bids from Greek, Indian firms to explore offshore

Updated: Wed, Nov 15, 2017
07:06 pm
Reuters
RELATED NEWS
Ocado lands partnership deal with Australia's Coles Ocado lands partnership deal with Australia's Coles
Global strain stirs BOJ debate of more easing in March Global strain stirs BOJ debate of more easing in March

Israel said on Wednesday it received bids to explore for oil and gas in its economic waters from Greece`s Energean and a consortium of Indian firms including ONGC Videsh, Bharat PetroResources, Indian Oil Corp and Oil India.

Israel hoped it would draw 2-3 foreign firms to come drill in 24 new offshore blocks in its latest bidding round that opened a year ago.

Israel`s Energy Ministry said it would spend the coming weeks examining each bidder`s offer and work plan before making a final decision. It said it will hold another bidding round next year.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)