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Tuesday, December 23, 2008

Occidental on inside track for Bahrain oil deal

ABU DHABI — A U.S. energy major is favored for a tender to execute an oil project in Bahrain.

Occidental has been deemed the frontrunner in a tender to upgrade an onshore oil field in Bahrain, Middle East Newsline reported.

Officials said Occidental, already awarded an offshore energy exploration contract, was listed the leading firm among four finalists in the project to overhaul the Awali field, with production of 35,000 barrels per day.

"We have ranked them and Occidental is number one," Bahraini Energy Minister Abdul Hussein Mirza said.

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In a briefing on Dec. 21, Mirza said two of the other finalists were ExxonMobil and AP Moller-Maersk. Officials said an award was expected to be relayed in early 2009.

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