Only around half of 45 oil exploration blocks Nigeria put up for auction Friday attracted bids, with foreigners wary of political uncertainy ahead of a government change, officials said. The vast majority of those who submitted bids Friday were domestic oil companies. The few foreign bidders were virtual unknowns, an AFP reporter at the auction said. Oil and gas analysts blamed the timing of the auction for the lack of interest on the part of big western oil companies. The bid round comes between the April elections and May 29, the date at which the outgoing administration of Olusegun Obasanjo hands over to its successors. Full Story
About OODA Analyst
OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.