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Occidental to get 40 pct of Abu Dhabi Shah gas project

ADNOC awarded the project to New York-listed company Occidental.

January 20, 2011 11:59 by

Occidental Petroleum will have a 40 percent share in the Abu Dhabi National Oil Company’s (ADNOC) Shah gas project, United Arab Emirates’ state news agency WAM said on Thursday.

ADNOC awarded the project, expected to be worth $10 billion, to New York-listed company Occidental, sources told Reuters on Wednesday.

(Reporting by Stanley Carvalho and Humeyra Pamuk; Editing by Reed Stevenson)

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