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Mumbai:
Essar group company Essar Energy Holdings Ltd, a unit
of Essar Global, has won an offshore oil block in Nigeria
with reserves of up to 80 million barrels.
Essar
Energy bagged a shallow water offshore exploration block
226 in the African country, industry sources.
Nigeria
had offered 45 exploration blocks in its latest licensing
round, to which no Indian company except Essar had responded.
Of
the total 45 blocks, 11 were in deep water offshore, 10
shallow water on the continental shelf, 13 onshore in
the Niger Delta and 11 in inland basins.
ONGC-Mittal
Energy Ltd, the joint venture of state-run Oil and Natural
Gas Corp and NRI steel tycoon L N Mittal, had preferential
bidding rights over one block, but chose to stay away.
Indian
Oil Corp-Oil India Ltd combine, which earlier planned
to submit a bid, also stayed away, the sources said, adding
a total of 16 companies bid in the round.
ONGC-Mittal
had won preferential rights after promising to invest
two billion dollar in the country''s infrastructure.
OMEL
was given right of first refusal on block 250 in return
for a pledge to carry out a feasibility study into a new
railroad, the sources said.
Mittal,
meanwhile, lost a bid for taking over Nigeria''s biggest
oil refinery.
Mittal
offered lesser than the 561-million-dollar winning bid
by a consortium of three Nigerian indigenous companies
for acquiring 51 per cent of government stake in Port
Harcourt refinery, industry sources said.
The
winning Blue Star consortium comprises Zenon Oil, Dangote
Oil and Gas and Transnational Corp, which belong to close
associates of outgoing President Olusegun Obasanjo.
Blue
Star emerged winner of the refinery in an open bid conducted
yesterday by the Nigerian privatisation agency - Bureau
of Public Enterprises in Abuja.
Two
other bidders, local fuel marketer Oando and the Sahara/Refinee
PetroPlus, were disqualified for not providing bank drafts
to cover 50 per cent of their bid amount.
The
sources said Mittal had originally planned to bid for
the 2,10,000
barrels per day Port Harcourt refinery with Hindustan
Petroleum Corp Ltd (HPCL) but in the end went alone.
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