Terms set for Persian Gulf's Dolphin gas project

Qatar Petroleum and the United Arab Emirates Offsets Group (UOG) have signed a $4 billion deal for the Dolphin natural gas project that clears the way for the development and transportation of 2 bcfd of gas from North field off Qatar to Abu Dhabi and Dubai starting as early as 2003.The detailed agreement signed last week by Qatar Minister of Energy Abdullah Bin Hamad Al Attiyah and UAE Offsets board member Ahmed Ali Al Sayegh set commercial terms of the project's production-sharing agreement."The Dolphin project will bring economic benefits to both Qatar and the UAE and lead to greater integration and cooperation among the Gulf Cooperation Council states," said Al Attiyah, who, in add...

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