BP Plc (BP/) wasn’t invited last month to bid for onshore oilfield concessions in the United Arab Emirates, the head of state-run Abu Dhabi National Oil Co. said.
Abu Dhabi National Oil, known as Adnoc, sent letters in June to “many” potential bidders other than BP, Director General Abdulla Nasser Al Suwaidi told reporters today in the U.A.E. port of Fujairah. He didn’t rule out the possibility that BP might make a bid, saying, “It’s early days.”
BP said last week it was still in talks with Abu Dhabi about renewing rights to produce oil in the Middle Eastern emirate, after a report indicated the company had been excluded from negotiations. “Constructive discussions are taking place at all levels,” David Nicholas, a BP spokesman, said July 6.
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