Enron pulls out of Gulf gas project

  • 21/05/2001

  • Hindu (New Delhi)

The U.S. oil major, Enron Corp. has pulled out of a project to deliver Qatari gas to the United Arab Emirates (UAE), the partners in the multi-billion-dollar venture announced today. State-run UAE Offset Group (UOG) told reporters in Abu Dhabi that Enron has agreed to transfer its 24.5 per cent stake in the Dolphin Energy Project (DEL) to UOG, but a price was not disclosed.