VOL. XXXII

NO. 43

31-JULY-1989

QATAR

BP Relinquishes Offshore Concession in Qatar

British Petroleum, the majority owner of Standard Oil of Ohio (Sohio), hasdecided to relinquish its large offshore concession in Qatar after having failedto discover oil in the area. The 25-year production-sharing concession agreement covering an area of 3mn acres off the east coast of Qatar, which originallybelonged to the Qatar General Petroleum Corporation (QGPC) - was signed withSohio on 13 June 1985 (MEES, 17...