Exxonmobil Petroleum Agreement

Section 10(9) of the same Act provides that “not limited to subsection 3, the Minister may decide, in consultation with the Commission, that an oil and gas agreement may be concluded through direct negotiations without a public call for tenders, if direct negotiations are the most effective means of obtaining optimal exploration, exploitation and production of petroleum resources in a given area.” “We decided to do what the whole world is doing and thus passed this law by moving from direct negotiations to open tenders. E&P Act, Act 919 (2016) was not complied with by the government in the ExxonMobil Petroleum agreement,” he said. . . .