Following concerns raised about its shortage of details on the requirements for prospective marketers for its oil, government yesterday released the criteria and also announced that the contracted period would be for one year.
The contracted period will begin sometime this year after the evaluation of the bids is completed as the National Procurement and Tender Administration Board does not give the specific timeframes for evaluation of contracts, given the complexities of each.
In a statement issued on Thursday, the Ministry of Natural Resources outlined some of the criteria for prospective bidders, as per the bidding document.
