No concession awarded to Qatar Petroleum

abu dhabi — An official source at the Supreme Petroleum Council has said that no concession was awarded to Qatar Petroleum.

In a statement, the source said: “The Bunduq field, due to its geographical location, is shared between the emirate of Abu Dhabi and Qatar. It has been operated via a concession with a Japanese consortium for over four decades. This concession was recently extended by each respective government to the Japanese consortium with no direct communication or engagement

There is no commercial or trading relationship being established between the Uae and Qatar by the extension of this concession Supreme Petroleum Council

between the two states.”

“There is no commercial or trading relationship being established between the UAE and Qatar by the extension of this concession,” he added.

Earlier on Tuesday, Qatar Petroleum announced that it has signed a deal with Abu Dhabi to operate a shared offshore oilfield.

The UAE confirmed the contract had been renewed with the Japanese operators of the Bunduq field but said it had not had any contact or dealings with Qatar on the issue.

“We are delighted to sign this concession agreement, which will ensure the continued development and operation of the Bunduq oilfield for many years to come,” Qatar Petroleum president and chief executive Saad Sherida Al Kaabi said in a statement. — Wam, AFP