Arab Today, arab today bp talks with abu dhabi on oilproduction rights
Last Updated : GMT 15:41:04
Arab Today, arab today
Arab Today, arab today

BP: talks with Abu Dhabi on oil-production rights

Arab Today, arab today

Arab Today, arab today BP: talks with Abu Dhabi on oil-production rights

Dubai - Arabstoday

BP Plc said it’s still in talks with Abu Dhabi about renewing rights to produce oil, after a report indicated the London-based crude producer had been excluded from negotiations. “Constructive discussions are taking place at all levels,” David Nicholas, a BP spokesman, said July 6. “This is all part of doing business.” An official at the Abu Dhabi National Oil Co, the state-run producer known as Adnoc, had no comment on the report when contacted by Bloomberg on Sunday, asking not to be identified in line with company policy. Adnoc excluded BP from the list of companies it asked to bid for production rights at onshore fields, Petroleum Intelligence Weekly reported last week, without identifying where it got the information. Exxon Mobil Corp, Total SA, Royal Dutch Shell Plc, Statoil ASA and Occidental Petroleum Corp received invitations to prequalify for bidding, PIW said in a newsletter dated July 9. Abu Dhabi and Adnoc pumps crude and natural gas from onshore and undersea deposits in joint ventures with international partners. One of the ventures, Abu Dhabi Co. for Onshore Oil Operations, known also as Adco, manages the main concession for the emirates’s largest onshore fields. The agreement will expire in 2014, and Adnoc is in discussions to renew it or reach separate accords with new partners. Adnoc director-general Abdullah Nasser Al Suwaidi said in April that the producer was shortlisting the companies it would ask for bids to help pump and expand on Adco’s 1.4 million barrel-a-day of output. BP, Exxon Mobil, Shell, Total and Partex Oil & Gas — or their predecessor companies — have been producing oil in Abu Dhabi since 1939. Adnoc joined them as a partner in the 1970s, creating the Adco concession, which holds rights for six deposits until 2014. From gulfnews

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bp talks with abu dhabi on oilproduction rights Arab Today, arab today bp talks with abu dhabi on oilproduction rights

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 05:33 2017 Thursday ,23 February

Oil slips but close to multi-week high

GMT 17:44 2017 Wednesday ,22 February

Gasoline 98 octane price surges LL100

GMT 15:37 2017 Wednesday ,22 February

Nakilat Posts QR 955 Million Profit in 2016

GMT 15:32 2017 Wednesday ,22 February

Laffan Refinery 2 Cost QR 3 Billion

GMT 15:31 2017 Wednesday ,22 February

Oil up 2% as OPEC chief sees higher compliance with cuts

GMT 07:00 2017 Wednesday ,22 February

Oil prices rise on high OPEC compliance with output cuts
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday