Middle East Economic Survey
ConocoPhillips Makes Second Mega-Project U-Turn By Quitting Shah Gas Development
ConocoPhillips on 28 April announced it was quitting its involvement in Abu Dhabis 1bn cfd Shah sour gas project the US majors second such announcement in a week. Unlike ConocoPhillipss exit from its Yanbu' joint venture export refinery with Saudi Aramco, its departure from the $10-12bn Shah project had been expected for some time.
The Shah Gas Field will be...