VOL. XLIV

No 49

3-December-2001

UAE

ADNOCPostpones Deadline For Proposals On Equity Stakes In Zadco

MEES learns that the Abu Dhabi National Oil Company (ADNOC) haspostponed until some time in 2002, possibly March, the closing date forcompanies to submit proposals to acquire significant equity stakes in the ZakumDevelopment Company (Zadco). A prospective agreement between ADNOC and BP andTotalFinalElf was effectively put on hold at the end of last year following thefailure of Abu Dhabi痴 Supreme...