ABU DHABI BOOSTS MARGIN FOR EQUITY HOLDING COMPANIES

MEES understands from reliable sources that Abu Dhabi has now finalized arrangements providing for a substantial increase in the margin enjoyed by companies with equity interests in production operations. As from l November 1984, the margin on the companies' equity entitlement - 40% of crude oil production in the ADCO (onshore) and ADMA-OPCO (offshore) ventures - will effectively be increased by 80 cents a barrel, to $1.80/B from the...