The federalgovernment of Congo hasactually canceled an auction for 27 websites allocated for oil expedition, pointingout late submissions and a absence of competitors
BySAM MEDNICK Associated Press
October 14, 2024, 11: 45 AM
DAKAR, Senegal — Congo canceled an auction for 27 websites allocated for oil expedition, its federalgovernment stated, mentioning late submissions and a absence of competitors.
The auction for the websites, understood as oil obstructs, was atfirst released 2 years ago however was called off after it stoppedworking to attain the anticipated success and a brand-new auction will be held, stated oil minister Aimé Sakombi Molendo in a declaration. He offered no information about timing or the number of obstructs to be put up for bidding in future.
The 27 oil obstructs canceled auction hold an approximated 22 billion barrels.
Congo, a mineral-rich country in centr