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UAE’s ADNOC Signs Deal with Chinese Company

UAE’s ADNOC Signs Deal with Chinese Company

Abu Dhabi- Abu Dhabi National Oil Company (ADNOC) signed on Sunday an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8% interest in Abu Dhabi’s onshore oil concession. CNPC contributed a sign up bonus of AED 6.5 billion ($1.77 billion)...