Middle East Economic Survey


No 39


Korea To Finalize Abu Dhabi Fields Deal, China Eyes Japans Concessions

South Korea expects to close a deal by year-end on operating three Abu Dhabi oil fields, the emirates Ministry of Energy announced on 19 September. State-owned Korea National Oil Corporation (KNOC) signed in March an initial agreement with Abu Dhabi National Oil Company (ADNOC) to operate three untapped oil fields, which the ministry says contain a total of 570mn...