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AFX News Limited: BP and Royal Dutch Shell battle to win UAE deal – report

04.16.07, 3:02 AM ET

LONDON (Thomson Financial) – BP and Royal Dutch Shell have each submitted bids for a sour gas project in the United Arab Emirates that could be worth as much as 5.05 bln stg, according to a report in the Daily Telegraph.

The report said the French oil group Total and Occidental Petroleum (nyse: OXY – news – people ) of the US are also believed to have submitted bids. The contract is expected in the final quarter of the year.

The UAE holds the world’s fifth largest gas reserves and wants to develop them to meet the soaring domestic demand.

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