Wintershall Gains 10% Stake in Ghasha Gas Project

Monday, November 26, 2018

The United Arab Emirates has awarded Wintershall Holding a 10 percent stake in the Ghasha ultra-sour gas mega project, the Abu Dhabi National Oil Co. (ADNOC) said on Monday.

The deal builds on ADNOC's new integrated gas strategy aimed at unlocking value from Abu Dhabi's gas reserves as the country moves towards gas self-sufficiency, it said in a tweet.


(Reporting by Maher Chmaytelli Writing by Maha El Dahan Editing by Louise Heavens)

Categories: Middle East

Related Stories

UAE Speeds Up Pipeline Project to Help Bypass Hormuz

Oil Prices Edge Higher Amid Uncertainty Over Iran Deal

Oil Market Swings, Not Price Spikes, Set to Drive Big Oil Strategy

Current News

Eco Atlantic Advances Falklands Offshore Expansion with JHI Deal

Ulstein Delivers Cable Layer Newbuild to Nexans

ADES Extends North Sea Rig Contract to Three-Year Term

Boskalis Orders High-Capacity CLV for Offshore Wind Market

Subscribe for OE Digital E‑News