One of BP's longest-running energy concessions is threatening to become a high-profile victim of tensions between the United Arab Emirates and Britain over criticism of the Middle East state's crackdown on Islamist extremist groups.
BP was first given a stake in a vast onshore oil field in Abu Dhabi back in 1939, but the concession comes up for renewal in 2014 and BP has been excluded from the bidding list.
The UAE is one of the top five oil exporters in the world and Abu Dhabi is the headquarters for BP's entire exploration and production operation across the Middle East – the birth place a century ago of the business as the Anglo-Persian Oil Company.
Means they are facing lots of troubles regarding oil distribution because if we compare the prices of oil in Abu Dhabi to others states in UAE .Abu Dhabi is sell their oil on low cost in regular form.
ReplyDeleteMeans they are facing lots of troubles regarding oil distribution because if we compare the prices of oil in Abu Dhabi to others states in UAE .Abu Dhabi is sell their oil on low cost in regular form.
ReplyDelete