* India hopes to attract more than $1 billion of investment in exploration and production blocks awarded to companies on Tuesday under new rules for auctions of oil and gas fields, oil minister Dharmendra Pradhan said
* India awarded 32 blocks in the latest two exploration licensing rounds called the open acreage licensing policy (OALP), which allows companies to carve out any area they want to drill
* State-owned Oil India Ltd bagged 12 blocks followed by private resources major Vedanta Ltd with 10.
* A consortium of Reliance Industries Ltd and BP Plc got one Read More
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