No.52/ No. 01

25-Dec.-2000/1 Jan. 2001


Dubai Margham Establishment Formed To Take Over Arcos Concession

Atlantic Richfield (Arco) Dubai Inc on 15 December relinquished its Margham onshore gas and condensate concession to a newly established government-owned company, Dubai Margham Establishment. A consortium led by Arco was awarded the Margham concession in February 1980 and production began in 1984. Four years later, Arco acquired the 25% stake held by Canadas Gulfstream...