BP has been invited back to bid for a renewal of its stake in Abu Dhabi's oil concession, and...

|About: BP p.l.c. (BP)|By:, SA News Editor
BP has been invited back to bid for a renewal of its stake in Abu Dhabi's oil concession, and the Abu Dhabi National Oil Co. aims to announce a shortlist of bidders soon. Although the oil concession doesn't garner much income for BP - only ~$50M/year - the company considers it important to retain its foothold there.