Foreign oil companies submitting bids for a renewal of the onshore concession in Abu Dhabi are not holding their breath that an award will be made before the concession expires on 11 January. Bids must be made by 22 October.
Separate negotiations are being held to discuss the marketing of the IOCs’ 40% share of ADCO crude production. State-owned ADNOC is preparing to market all the crude produced by the 1.6mn b/d ADCO concession for one year if need be, MEES...
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