Israel says received bids from Greek, Indian firms to explore offshore
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.
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07:06 PM IST