Madagascar Oil Auction Seen in Oct 2010

Source: Reuters 2/9/2010, Location: Africa

Madagascar's auction of 50 offshore Indian Ocean oil blocks is only likely to happen in October this year after months of political turmoil delayed the process, a senior official said.

The auction has been postponed due to a military-backed coup which happened on the island last year, but Joeli Lalaharisaina, acting director general of the Office of National Mines and Strategic Industries (OMNIS), said that it would happen this year.


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