DUBAI, United Arab Emirates (AP) — The United Arab Emirates' main state oil company has signed a deal giving China National Petroleum Company an 8 percent stake in a major onshore oil project. The Abu Dhabi National Oil Company says CNPC will pay an initial $1.77 billion for the concession operated by the Abu Dhabi Company for Onshore Petroleum Operations, also known as ADCO. ADNOC has set aside 40 percent of the ADCO project for foreign partners.Read more on NewsOK.com
Similar Stories to Uae Seals Deal With China's Cnpc For Onshore Oil Project on Bing News
NewsOK.com RSS - business >> !The Oklahoman, Daily Oklahoman: Business
Sun, 02/19/2017 - 7:15am
BING NEWS:
- RPT China's imports of Russian oil near record high in March
Russia remained China's top oil supplier in March, data showed on Saturday, as refiners snapped up stranded Sokol shipments.
04/22/2024 - 11:18 pm | View Link - Niger to Use Oil Advance to Pay Off $600 Million Regional Market Debt
China’s $400 million deal with Niger to pay for oil in advance will help the West African nation’s junta pay debt it’s accumulated since a military coup last year.
04/22/2024 - 2:36 am | View Link - More
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