VOL. XLV
No 23
10-June-2002
UAE
Umm al-Quwain/Ajman/SharjahGas Development Awaits Atlantis Sale Outcome
Thejoint development of gas reserves offshore Umm al-Quwain,Sharjah and Ajman is awaiting the outcome of talks between PetroleumGeo-Services (PGS) and China National Chemical Import and Export Corporation (Sinochem) over the sale of PGSssubsidiary, Atlantis Holding, to the Chinese firm. MEES learns that UAE Offsets Group (UOG) has an agreement withAtlantis to buy gas from the proposed offshore...
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