Oil prices decline not to affect energy projects in UAE

By: Ahmed Awad 

Kuwait-Mubasher: Oil price drop will not affect long-term energy development projects in the UAE, said CEO at Abu Dhabi Marine Operating Company (ADMA-OPCO), said Ali Rashid Al-Jarwan.

On the sidelines of the Energy Strategy Forum, Ali Al-Jarwan added that his companies promised to carry out major development projects.

In relation to ADMA-OPCO's shareholding, ADNOC, which represents the Emirate of Abu Dhabi, holds 60%, while the rest 40% is divided between BP, Total and JODCO.

Translated by: Julian Nabil

MUBASHER Contribution Time: 26-Jan-2016 08:43 (GMT)