The country's Privatisation Committee and the Oil Ministry“are organising a new tender (for the privatisation) which will be published in newspapers in the next month”, NIOC managing director Seifollah Jashnsaz said.
The person making the bid“could not deposit the required fee on time”, he added.
The transaction - involving a 51% stake, with an option for up to 61% - was valued at $212 million.
