Competitive bidding is the best approach for the award of oil exploration leases

A recent article in the Guyana Times ‘Minister’s relatives, friends now applying for oil licences, 2017-09-14’ makes reference to Dr Jan Mangal, Petroleum Adviser in the Ministry of the Presidency.  The article raises concerns with a type of process used in the award of petroleum leases or blocks, that is the “one-on-one negotiation” or “open…

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