Saturday , May 21 2022

Wintershall Receives 10% Sharing in the Terminal Connecting Gas Development Concession



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Wintershall received a 10% interest in the United Arab gas development concession

Wintershall received a 10% interest in the United Arab gas development concession

Wintershall received a ten percent investment in a 40-year concession to develop the Gash gas field in the United Arab Emirates.

This writes "ANGLE", with reference to company information in Germany.

"Gas development contracts have been announced for a 40 year period. The other ADNOC partner in the project, other than Wintershall, is the Italian Ener company, who owns a share of 25% in the concession, "said Wintershall.

As the Emirate ADNOC expects, generating gas of the field will contain 1.5 billion cubic feet (28.3 million cubic meters) of gas per day by about 2028.

Also, according to the forecasts, the oil and condensed production of the field will be 120,000 barrels per day.

He wrote "Terminal", Germany Wintershall stopped work in Iran because of US penalties against the Islamic Republic.

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