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Saudi to Block Qatar Gas Pipeline to UAE-Bloomberg

Source: reuters 7/11/2006, Location: Middle East

Saudi Arabia plans to block a $3.5 billion pipeline carrying Qatari gas to the United Arab Emirates, Bloomberg said on Tuesday, citing a letter sent to a bank in Abu Dhabi.

The UAE's Dolphin Energy, which owns the pipeline along with U.S. Occidental Petroleum and France's Total, declined comment as did the National Bank of Abu Dhabi, which Bloomberg said had received a memo from the Saudi government saying Riyadh had not consented to the undersea pipeline crossing its territory.

"We have no comment at this time," a Dolphin spokesperson told Reuters.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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