close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Abu Dhabi evaluating Shah gas partner, no deadline

Recent media reports said the selection of a partner would be done by March.

0

January 17, 2011 2:56 by



Abu Dhabi National Oil Company (ADNOC) is still evaluating a partner for its $10 billion Shah gas project and no time frame has been set to make the selection, the company’s deputy CEO said on Monday.

U.S. major ConocoPhillips  withdrew from the project in April. ADNOC is in talks with Royal Dutch Shell ExxonMobil  and Occidental which have shown interest.

“There is no date yet. We are still evaluating,” Abdulla Nasser al-Suwaidi told reporters on the sidelines of an energy conference in Abu Dhabi.

Asked if a time frame has been set, he said: “No time frame”.

Recent media reports said the selection of a partner would be done by March.

The Shah project aims to pump and purify gas with a high content of potentially deadly sulphur dioxide, which is more difficult and expensive to produce than conventional gas.

The Gulf Arab state has been slow to develop the world’s fifth-largest gas reserves to meet demand from industry and the power sector. To meet the shortfall, it imports gas via pipeline from Qatar.

Shah would pump around 1 billion cubic feet per day (cfd) of raw gas, which after processing would give 540 million cfd of gas fit for consumption.

(Reporting by Stanley Carvalho, editing by Anthony Barker)



0

Tags: , , ,

Leave a Comment