Middle East Economic Survey

VOL. LII

No 28

13-Jul-2009

UAE

ConocoPhillips And ADNOC Given Green Light For 1Bn CFD Sour Gas Project

ConocoPhillips and state-owned ADNOC on 9 July made the long-awaited announcement of a final investment decision (FID) on their multi-billion dollar Shah sour gas joint venture. The Shah project (60% ADNOC, 40% ConocoPhillips) involves the development of around 1bn cfd of high sulfur gas from fields near the border between Abu Dhabi and Saudi Arabia to produce around...