Abu Dhabi Says Still in Talks With Companies on Oil Concessions - Bloomberg Business

Abu Dhabi Says Still in Talks With Companies on Oil Concessions - Bloomberg Business:



"Abu Dhabi National Oil Co. is still in talks with international companies about concessions at the emirate’s largest fields and hasn’t set a deadline for deciding on the awards, Director General Abdullah Nasser al Suwaidi said.



Total SA is the only company to be awarded a stake in Adnoc’s new venture so far. The Paris-based company agreed to pay a $2.2 billion signing bonus for a 10 percent share in the onshore concession, two people with knowledge of the situation said in February.



Other companies “know what we have asked, and they bid,” al Suwaidi told reporters Monday at the Middle East Petroleum & Gas Conference in Abu Dhabi. “There’s no timeline,” he said. “Whoever meets our conditions will be considered.”"



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