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)...