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Read More »ADNOC awards CNPC 8% stake in ADCO onshore concession
Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC) on Sunday signed an agreement with the China National Petroleum Corporation (CNPC) awarding it an 8 percent interest in Abu Dhabi’s onshore oil concession. CNPC contributed a sign up bonus of AED6.5 billion (US$1.77 billion) to enter the concession. The onshore concession is operated by the Abu Dhabi Company ...
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