mjunction, India’s largest B2B eCommerce company, has been appointed by the Directorate General of Hydrocarbons (DGH) to build a platform to enable eBidding, eEvaluation of bids, and eAllocation of oil and gas fields. This platform will aid in transparent allocation of India’s natural resources and help to reduce its oil-import bill by $8 billion annually, as per Petroleum & Natural Gas Ministry officials. Successful allocation of all 55 oil blocks for the first OALP Bid Round values USD 25 billion.
