05-01-2013, 12:45 AM
Have to remember; the internal trigger was likely only away from a deal that would have IOC still in control of at least the upstream. Appears that is not happening. For some time the process has been to evaluate and tell the government who their preferred partner is. The government has pre-approved the final bidders, but they now have final approval. No different than OSH. After the fact it came out that they preferred Petronas. Did they anounce that? No, they couldn't. The government preferred Exxon, and that WAS announced and look where it is today; Exxon is in control.