THE CON­SOL­I­DA­TION GAME

Qatar Today - - BUSINESS > OIL & GAS -

THE MORE-THAN-TWO-YEAR SLUMP IN OIL PRICES HAS FORCED GULF COUN­TRIES TO RE­DUCE STATE SPEND­ING AND CON­SIDER CONSOLIDATIONS AS A WAY TO CUT COSTS: AMONG THE BIG­GEST BE­ING ABU DHABI'S MERG­ING OF MUBADALA PETROLEUM AND IN­TER­NA­TIONAL PETROLEUM DE­VEL­OP­MENT CO.

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