Abu Dhabi's SPC says no awarding of concession to Qatar Petroleum



An official source at Abu Dhabi's Supreme Petroleum Council has said that no concession was awarded to Qatar Petroleum, UAE's state-run Wam news agency reported on Tuesday, citing an SPC statement.

"The Bunduq field, due to its geographical location, is shared between the Emirate of Abu Dhabi and Qatar," the source said. "It has been operated via a concession with a Japanese consortium for over four decades. This concession was recently extended by each respective government to the Japanese consortium with no direct communication or engagement between the two states."

"There is no commercial or trading relationship being established between the UAE and Qatar by the extension of this concession."

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Price, base / as tested Dh57,000

Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

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Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
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Transmission: Single-speed automatic
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