India plans larger oil auctions as Modi pursues import cuts

London

INDIA will offer larger areas with higher oil and natural gas reserves in the next auction of discovered fields later this year as Prime Minister Narendra Modi's government seeks to curtail rising crude oil imports.

"The next round would be meatier, bigger and players can expect even better fields," Atanu Chakraborty, head of oil regulator Directorate General of Hydrocarbons, said in an interview.