Thursday, 9 January 2014

End of Abu Dhabi’s oil concession nigh but partners to stay on behind the scenes | The National

End of Abu Dhabi’s oil concession nigh but partners to stay on behind the scenes | The National:

"Abu Dhabi’s oldest oilfield concession expires on Friday, but the departing foreign shareholders will stay on behind the scenes as de facto partners.

The prized constellation of onshore oilfields, held since the Second World War by a consortium of companies from western countries, is to have Abu Dhabi National Oil Company (Adnoc) as its sole shareholder until new partners are selected in what is expected to be a year’s time."

'via Blog this'

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