The tender also includes a set of blocks in Sulawesi, both onshore and offshore, holding some 850 million barrels of oil and 4.7 trillion cubic feet of gas, according to the energy ministry.

23 April 2016 Tehran - The head of Iran's petroleum contracts committee Seyed Mehdi Hosseini has invited international oil companies to submit their bids in a tender for development of Iranian oil and ...

A tender is a type of auction in which traders bid for the right to export oil in the future. In this case, the contracts are for up to 12 months and involve crude and refined products, some of ...