BP Says Still in Talks with Abu Dhabi on Oil-Production Rights
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BP Plc said it’s still in talks with Abu Dhabi about renewing rights to produce oil in the Middle Eastern emirate, after a report indicated the London-based crude producer had been excluded from negotiations.
“Constructive discussions are taking place at all levels,” David Nicholas, a BP spokesman, said July 6. “This is all part of doing business.” An official at Abu Dhabi National Oil Co., the state-run producer known as Adnoc, had no comment on the report when contacted by Bloomberg today, asking not to be identified in line with company policy.