Bosnia's Federation Calls New Tender for Oil, Gas Concession Project Adviser

The energy ministry of Bosnia’s Muslim-Croat Federation said on Tuesday it has called a new tender for a consultant to advise it regarding the planned award of a concession for oil and gas exploration after it cancelled the previous one.

The contract relates to the provision of consulting services in conducting negotiations and preparing contract modality on behalf of the Federation government as part of the concession award process, the entity's energy ministry said in a statement posted on its website.

Bids should be submitted by November 19. The value of the consultancy contract was not disclosed.

The energy ministry said earlier this month that the tender for a consultant to advise the entity regarding the planned award of a concession for oil and gas exploration had failed because all of the received bids were deemed unacceptable.

In November 2013, the Federation's government asked the energy ministry to launch negotiations to award Shell Exploration Company B.V. a concession for the exploration ofoil and gas reserves.

The Federation is one of the two autonomous entities that make up Bosnia and Herzegovina. The other is the Serb Republic.

Source:SeeNews