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...
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