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ADNOC says "door is still open" for UAE oil concession talks

2016-04-04 10:20:32| Oil & Gas - Topix.net

The chief executive of the Abu Dhabi National Oil Company said in remarks published on Monday the door was still open for talks on awarding stakes in its 40-year onshore concession to develop the country's biggest oilfields. Nine Asian and Western companies have bid for stakes in the Abu Dhabi Company for Onshore Oil Operations concession after a deal with Western majors dating back to the 1970s expired in January 2014.

Tags: open door oil talks

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