BP CEO sees update on UAE oil concessions in next week

BP CEO sees update on UAE oil concessions in next week

London-based oil giant BP's Chief Executive Robert Dudley looks on during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) at the Abu Dhabi National Exhibition Center November 11, 2012. REUTERS/Ben Job

London-based oil giant BP’s Chief Executive Robert Dudley looks on during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) at the Abu Dhabi National Exhibition Center November 11, 2012.

Credit: Reuters/Ben Job

ABU DHABI | Sun Nov 11, 2012 7:00am EST

(Reuters) – BP Plc (BP.L), shut out of pre-qualification bidding to develop Abu Dhabi’s largest onshore oil fields, hopes to hear soon whether it can participate in the process, Chief Executive Bob Dudley said on Sunday.

“I’m positive about it … I’m optimistic that cooperation will go on for a long time,” Dudley said on the sidelines of an oil and gas event in the UAE capital.

Dudley said he hopes to hear about the concessions up for renewal “in the next week or so,” adding that British Prime Minister David Cameron had played a constructive role in promoting British business in the Gulf Arab state.

Cameron visited the UAE last week in a trade and diplomacy tour to the Gulf.

(Reporting by Daniel Fineren)


Reuters: Business News

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