Sunday 22 July 2012

Abu Dhabi pumps up the pressure - The National

Long out of print and with copies almost impossible to find, the fine details of the nation's oil concessions were published in two volumes 30 years ago.

The Petroleum Concession Agreements of the United Arab Emirates was printed by a small British publishing house best known for its ornithological reference guides and it shone a light on to a sector even more obscure.

Reprinting every contract signed by the country from the 1930s, the first pages reveal that when western oil companies negotiated drilling rights in Abu Dhabi they promised the emirate's then Ruler, Sheikh Shakhbut bin Sultan Al Nahyan, an annual royalty of 500,000 rupees - and enough petrol for his small fleet of private cars.

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