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Shell, Oxy Lead Race for UAE Sour Gas Project - ASHARQ AL-AWSAT English Archive
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DUBAI (Reuters) – Royal Dutch Shell and U.S. Occidental Petroleum are the front-runners to win a multibillion-dollar project to develop sour gas reserves in the United Arab Emirates, industry sources said on Thursday.

The project is one of the biggest this year available to international companies competing for limited access to the Middle East’s oil and gas fields.

“Shell and Oxy are still in the race,” said one industry source. “They’re in a sort of final within a final.”

Shell and Oxy have the edge over the other two bidders for the project, U.S. majors Exxon Mobil and ConocoPhillips, sources said.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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