BHP abandons Indian projects

BHP blames inability to finish exploration for giving up on projects.

Global mining and energy giant BHP Billiton (BHP) has announced that it has given up on nine Indian deep-sea oil and gas projects due to delays in carrying out exploration at the sites.

The Anglo-Australian giant said on Monday it had relinquished six blocks in the Bay of Bengal which it partly owned with Indian conglomerate GVK, and another three that it owned fully.


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