Congo cancels an auction for 27 sites earmarked for oil exploration

DAKAR, Senegal (AP) — Congo canceled an auction for 27 sites earmarked for oil exploration, its government said, citing late submissions and a lack of competition.

The auction for the sites, known as oil blocks, was initially launched two years ago but was called off after it failed to achieve the expected success and a new auction will be held, said oil minister Aimé Sakombi Molendo in a…