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Abu Dhabi (UAE)

Abu_DhabiUntil the signature of participation agreements with host Governments in the 70s, the Partex Oil and Gas Group held 5% of the concession company. After the 60% nationalization by the Governments, the group participations were reduced proportionally to 2%, which corresponds to the present holdings.

The Group in Abu Dhabi, together with its original partners, is a shareholder of some of the largest oil and gas companies in the world.

In the onshore crude oil concession, agreements ensure that the shareholders in the concessionary companies have direct access to the oil production. Thus, the Partex Oil and Gas Group is entitled to its share of the ADCO (Murban) crude oil and sells its equity oil in the international market.

The Partex Oil and Gas Group is also in the gas business including the LPG and Paraffinic Naphtha extraction from associated gas in Abu Dhabi.
In GASCO, the shareholders also have direct access to their shares of the production and Partex sells its equity entitlements of LPG (butane and propane) and Paraffinic Naphtha in the international market.

Contributing to the Oil and Gas Industry in ABU DHABI