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Bush to offer to gulf oil leases

Monday, July 2, 2001 | 11:14 a.m.

WASHINGTON -- The Bush administration will propose to offer new oil leases for offshore drilling in an area covering about 1.5 million acres in the Gulf of Mexico, a senior administration official said today.

Interior Secretary Gail Norton intended to announce the sale later in the day and it will be formalized Tuesday with a notice in the Federal Register, the official said, speaking on condition of anonymity.

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