VOL. XLV
No 22
3-June-2002
UAE
ZadcoEquity Decision Expected By End-2002
Adecision on which international oil company (IOC) or companies will be awardedthe 28% stake being offered by Abu Dhabi National Oil Company (ADNOC) in the Zakum Development Company (Zadco)will be made by end-2002, MEES soundings indicate. ShortlistedIOCs made technical presentations before the 30 Aprildeadline (MEES, 8 April), and ADNOC is assessing the bids. Theexpectation is that Abu Dhabis SupremePetroleum Council (SPC)...
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