BP CEO sees update on UAE concessions

Nov 12 2012, 02:08 IST
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SummaryBP 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, CEO Bob Dudley said on Sunday.

BP 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, CEO Bob Dudley said

on Sunday.

“I’m positive about it ... I’m optimistic that cooperation will go on for a long time,” Dudley said. Dudley said he hopes to hear about the concessions up for renewal “in the next week or so”, adding that British PM David Cameron had played a role in promoting British business.

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