UAE Oil and Gas Investments

BASF energy arm readies UAE projects
Gulf Times - Doha,Qatar
DUBAI: BASF's oil and gas unit Wintershall Holding plans to explore for crude in the United Arab Emirates as part of a plan to challenge rival oil majors for access to Arabian Gulf reserves, an official said. ...In Abu Dhabi, which accounts for almost all the UAE's crude production of about 2.6mn bpd, first announcements of joint activities with IPIC are "realistic"... "We're in the process of evaluating first opportunities, with focus on Abu Dhabi," Schmidt said. IPIC presently manages global energy investments worth about $13bn for the Abu Dhabi government. ...