Middle East Economic Survey

VOL. LIV

No 3

17-Jan-2011

UAE

Abu Dhabi Renews Cosmo Concessions

Abu Dhabis second renewal of an international oil company (IOC) concession makes the prospects of the majors other concessions in the emirate look favorable. State-owned Abu Dhabi National Oil Company (ADNOC) CEO Yousef Omair bin Yousef told Japans Minister of Economy, Trade and Industry Akihiro Ohata on 11 January that the emirate is renewing the concession of Cosmo Oil to three small fields, and is...