29th Sep 2014 05:59
LONDON (Alliance News) - BP PLC and Royal Dutch Shell PLC are among those in the final running for a fiercely contested deal to operate some of the largest oil fields in the Persian Gulf, the Daily Telegraph reported Monday, citing the United Arab Emirates oil minister.
Suhail Al-Mazrouei, minister of Energy for the UAE and a member of the Supreme Petroleum Council in the state, said both of the companies remain under consideration for the renewal of expired contracts to product oil from onshore fields in Abu Dhabi.
"Shell and BP are amongst those companies that submitted bids," he told the Telegraph. "We respect the long and historical relationship and investments they still have in the UAE. They have been legacy partners, and we hope they will have a chance and play a role in the future of the oil industry in Abu Dhabi."
http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/11127327/Shell-and-BP-in-final-running-for-giant-Abu-Dhabi-oil-deal.html
By Sam Unsted; [email protected]; @SamUAtAlliance
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