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Abu Dhabi, UAEMonday 18 June 2018

Abu Dhabi's SPC says no awarding of concession to Qatar Petroleum

Bunduq field is shared between Abu Dhabi and Qatar

An official source at Abu Dhabi's Supreme Petroleum Council has said that no concession was awarded to Qatar Petroleum, UAE's state-run Wam news agency reported on Tuesday, citing an SPC statement.

"The Bunduq field, due to its geographical location, is shared between the Emirate of Abu Dhabi and Qatar," the source said. "It has been operated via a concession with a Japanese consortium for over four decades. This concession was recently extended by each respective government to the Japanese consortium with no direct communication or engagement between the two states."

"There is no commercial or trading relationship being established between the UAE and Qatar by the extension of this concession."