VOL. XLV
No 4
28-January-2002
UAE
Sinochem Buys Atlantis GivingChina First GCC E&P Opportunity
TheChinese firm, Sinochem, announced on 22 January that it was buying AtlantisHolding, a subsidiary of Norway痴 Petroleum Geo-Services (PGS) which is drillingfor gas in Sharjah, Fujairah, Ras al-Khaimah and Umm al-Quwain. The acquisitionmarks China痴 first appearance on the E&P scene in the GCC (it has beeninvolved in upstream projects in Iraq and Sudan). The Umm al-Quwain Governmentannounced in...
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