No UAE oil concession has been awarded to Qatar Petroleum

By Angel Chan

ABU DHABI 14 March 2018: An official at the Supreme Petroleum Council of the UAE has said that no concession has been awarded to Qatar Petroleum.

In a statement, the source said, “The Bunduq field, due to its geographical location, is shared between the Emirate of Abu Dhabi and Qatar. 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,” he added, reported Wam.