Middle East Economic Survey

VOL. LII

No 6

9-Feb-2009

UAE

Abu Dhabi Perseveres With Sour Gas Initiative

Partners ConocoPhillips and Abu Dhabis state-owned ADNOC are continuing to work on their flagship 1bn cfd Shah sour gas development, despite falling oil prices that have pressured what was an already economically challenging project, MEES understands. ConocoPhillips competed against Shell, Occidental and ExxonMobil to clinch the deal, valued last year at $10-12bn (MEES, 18 February, 2008). Costs...