Lagos - The controversy-plagued bidding process for the new marginal fields has been hit by yet another snag as the March deadline date for the completion of the process could not be met by he Department of Petroleum Resources (DPR), reports New Telegraph.
Days after the expiration of the deadline, DPR is yet to make public the list of the oil fields to be put up for sale.
It is believed that the lack of full disclosure of relevant information regarding the bid round, especially the list of assets up for takes, may be tilting the bid round towards favouring a select group of investors, who are perceived to be major players in the 2015 general elections.
Diezani Alison Madueke, Minister of Petroleum Resources, had in November 2013 announced that the bidding process for the new marginal fields would be completed by March 2014.
Read more at New Telegraph.
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