Middle East Economic Survey

VOL. LIII

No 31

2-Aug-2010

Question Mark Hangs Over ADNOC Oil Concessions

Private sector partners in state-owned Abu Dhabi National Oil Company (ADNOC) affiliates do not know if their concessions will be renewed on expiry, or even if the subsidiaries will continue they may be broken up and concessions awarded for individual fields. We are all in the dark, an Abu Dhabi-based oil major source tells MEES. Abu Dhabi is relying on the consortia to boost crude production...