Middle East Economic Survey

VOL. LII

No 22

1-Jun-2009

UAE

Gasco Concession Renewal Terms Viewed As Tough On International Partners

International partners Shell, Total and Partex will have a larger entitlement to feed gas and recovered liquids, but on less favorable commercial terms, under a new agreement negotiated for the Gasco joint venture with ADNOC, whose renewal until October 2028 was signed on 31 March (MEES, 4 May ).The renewal of the agreement for the worlds largest gas processing company...