Abu Dhabi Changes Adnoc Management Amid Talks on Oil Concessions
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Abdullah Nasser al-Suwaidi, former deputy chief executive officer of Abu Dhabi National Oil Co., was named the state-owned company’s director general as the oil producer starts to renegotiate contracts with foreign companies.
"The new director-general has close relations with the Abu Dhabi crown prince and thinks in the same way," said Thad Malesa, an independent analyst based in Dubai. "The crown prince wants to get the best deals possible for Abu Dhabi, and right now they will be looking at pushing oil concessions forward and with new partners."