Oil affairs in Abu Dhabi

FCO 8/1781 1971 Jan 01-1971 Dec 31

This file concerns oil affairs in Abu Dhabi during 1971. It contains extracts from the Middle East Economic Survey (MEES), including reference to: Abu Dhabi's oil revenue being estimated at $420 million; and the Head of the Department of Petroleum, Minerals and Industry in Abu Dhabi Mana Saeed Al Otaiba being named Member of the Board of Directors of the Japanese Abu Dhabi Oil Company (ADOCO)
This file also contains correspondence relating to:

  • Anglo-German talks on the German Deminex Consortium purchasing a share in the British Petroleum (BP) holding in the Abu Dhabi Marine Areas Limited (ADMA), including a visit by West German officials, and a draft memorandum to the Chancellor of the Federal Republic of Germany Willy Brandt
  • A letter from Sir Eric Drake to Prime Minister Edward Heath stating that Deminex and HMG have reached an agreement
  • Issues caused by the US dollar losing its value
  • A meeting held by the Organization of Arab Petroleum Exporting Countries (OAPEC) in Abu Dhabi on 9 December 1971, discussing the amendment of Article 1 of Section 7 of the organisation's charter to enable other oil exporting Arab countries to join the organisation with the object of widening the base and supporting its power
  • A decree entitled the Abu Dhabi Port Charge Law of 1971, including drafts of the law
  • Press cuttings from the Daily Telegraph and the Financial Times on oil in Abu Dhabi
  • The oil offered by the Iraqi Government being regarded by the Iraq Petroleum Company (IPC) as expropriated from them
  • A Japanese Oil Concession Representative in Tokyo interested in buying crude oil from the Abu Dhabi and Baghdad governments for sales in Asia
  • The Abu Dhabi Petroleum Company Limited's production figures for April and August 1971
  • Rumours in the press concerning Abu Dhabi setting up its own National Oil Company
  • ADMA's proposed drilling site in the Abu Dhabi seabed area bordering Iran and Dubai, including maps of the area, and memoranda regarding Iran's views on the drilling
  • The Ruler of Sharjah Sheikh Khalid Bin Mohammad Al Qasimi's concern that ADMA are drilling within twelve miles of Sir Abu Nair
  • The question of whether HMG's approval of oil concession agreements in Abu Dhabi and its approval of concession areas puts it under any obligations to the companies concerned or lays it open to any legal redress after the termination of HMG's special treaty relationship with the Gulf
  • A history of existing offshore oil concessions in Abu Dhabi from January 1967