UAE

Abu Dhabi Adjusts Equity Margins 

Abu Dhabi has adjusted the margins off official prices allowed to foreign companies with equity interests in production operations. MEES is reliably informed that the government has formally notified the companies concerned that, with effect from 1 February 1985, the margins on the companies' equity entitlement - 40% of crude oil production in the ADCO (onshore) and ADMAOPCO (offshore) ventures - have been set at $1.375/B for the ADCO...