The head of BP came to the capital yesterday as a deadline approaches for the British oil giant to renew its contract to pump oil in the emirate.
Abu Dhabi's biggest onshore concession expires in 2014 after a seven-decade run, and BP is jockeying to keep a stake in the business. Officials in the emirate will make a decision regarding its foreign oil partners "in the coming months", said the head of the Abu Dhabi National Oil Company (Adnoc), the state producer.
"Everything is being revisited," Abdulla Nasser Al Suwaidi, the Adnoc chief executive, said on the sidelines of a British trade mission to the UAE.
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