Abu Dhabi is aiming for a swift decision on the makeup of a new consortium to develop its onshore oil fields following January’s expiry of the ADCO concession.
UAE Energy Minister Suhail al-Mazru’i tells MEES that the new partnership, expected in January 2015, will not be delayed and says there are no plans to do away with foreign oil companies and allow state-run ADNOC to manage the fields without outside help. (CONTINUED - 940 WORDS)
