The Democratic Republic of Congo (DRC) has cancelled the auction of 27 sites earmarked for oil exploration, its government said, citing late bids and a lack of competition.
The auction of these sites, known as oil blocks, was launched two years ago but was cancelled because it was not as successful as expected and a new auction will be held, Oil Minister Aime Sakombi Molendo said in a statement. He gave no details on the timetable or the…
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