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Abu Dhabi changing its oil concession strategy

Western firms risk being left out as emirate looks to Asia for new industry partners

Fri, Oct 31, 2014 - 5:50 AM

Dubai

ABU Dhabi, the largest and wealthiest member among the seven states in the United Arab Emirates (UAE), is shaking up its oil industry. It has allowed the expiration of some long-standing concessions to major Western oil companies and is considering replacing at least some of them...

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