cefc china energy wins 4 stake in uae oil project
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

CEFC China Energy wins 4% stake in UAE oil project

Arab Today, arab today

Arab Today, arab today CEFC China Energy wins 4% stake in UAE oil project

Dubai - Arab Today

The United Arab Emirates’ (UAE) main state oil company has agreed to give CEFC China Energy a 4 percent stake in a major onshore oil project a day after awarding a minority stake to another Chinese company.
The Abu Dhabi National Oil Company (ADNOC) said Monday that CEFC is paying an entry fee of $888 million for the concession operated by the Abu Dhabi Company for Onshore Petroleum Operations, also known as ADCO.
Foreign investors now hold a combined 40 percent stake in the ADCO project, which currently produces about 1.6 million barrels a day. That includes 10 percent stakes held by British energy company BP and Total of France, as well as an 8 percent stake granted to China National Petroleum Company (CNPC) on Sunday.
The UAE is China’s second-largest trading partner in the Middle East, with commerce worth $60 billion in 2016.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cefc china energy wins 4 stake in uae oil project cefc china energy wins 4 stake in uae oil project

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cefc china energy wins 4 stake in uae oil project cefc china energy wins 4 stake in uae oil project

 



GMT 16:52 2017 Saturday ,25 March

Fantastic Secrets for a Professional Garden Design

GMT 05:19 2011 Wednesday ,09 March

It was maternal, who took her baby to work

GMT 18:02 2017 Sunday ,30 April

United Arab Emirates players smash competition

GMT 07:03 2017 Friday ,10 March

The internet’s ruin begins with gadget fanboys

GMT 01:13 2017 Sunday ,19 February

Bahrain celebrates its Rio 2016 achievers

GMT 08:39 2017 Thursday ,29 June

US halting Import of Fresh Brazilian Beef

GMT 23:15 2017 Tuesday ,10 January

Cristiano Ronaldo Wins FIFA Best Player Award

GMT 13:53 2017 Saturday ,16 September

Iraq forces attack IS outpost ahead of Euphrates push

GMT 23:29 2017 Saturday ,29 April

Pope urges unity against fanaticism at Cairo Mass

GMT 02:42 2018 Thursday ,18 January

Suppressing a sneeze can be dangerous
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday