UAE

Abu Dhabi Offshore Equity Margin Raised to $2.00/B 

The 80 cent/B increase in the margin for foreign equity holders in ADCO's onshore operations in Abu Dhabi to $1.80/B (MEES, 19 November) is to be matched by a $1.00/B increase in the equity margin for foreign participants in ADMA-OPCO, which produces the offshore Zakum and Umm Shaif fields. As of 1 November the effective tax-paid cost for foreign ADMA-OPCO equity holders (BP, CFP and Jodco of Japan) will fall to $27.46/B for...