John Digby, president of Chevron Petroleum India Pvt. Ltd stated that the company was holding consultations with four Indian firms for joint bids on oil and gas blocks being auctioned under the New Exploration and Licensing Policy round VII (NELP-VII)1. The government had put 57 oil and gas blocks for auction under the seventh round of NELP at the end of last year.

• 1. Prince Mathews Thomas and Tuhin Kar, “Chevron considering bidding for India New Oil Gas,” CNNmoney.com, January 8, 2008, at http://money.cnn.com/news/newsfeeds/articles/djf500/200801080438DOWJONES...