Chapter #7 – Exxon Contract: A major oversight or wilful blindness? – The procurement act 2003

In our last article, we dealt with the miscalculation of the licence area in the contract with Exxon. Prior to that we discussed some history which suggests that the claim that Venezuelan belligerence was the justification for the resort to illegality in the invention of wholesaling of license blocks when no such concept was available,…

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