ConocoPhillips exits Abu Dhabi Gas Project

29 April 2010

ConocoPhillips has said it has decided against proceeding with the Shah Gas Field development with Abu Dhabi. Last week, the US oil company announced it would drop out of the Yanbu refinery development with Saudi Aramco. The company, which would have been a 40% stakeholder in a Shah joint venture with state-owned Abu Dhabi National Oil Co, didn't give an explanation for the decision.

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