Oops...looks like this week's auction for oil and gas contracts, already beleaguered by criticism that it was being run like the song contest Eurovision, seems to have imploded altogether.
After awarding one contract to the consortium led by BP, the reality show participants decided not to continue when they realized the terms the Oil Ministry was offering was nowhere near what had been offered for 20-year fixed contracts.
Learn more in this article courtesy of Arabian Oil & Gas.
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