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Tag Archives: Abu Dhabi government.

Chinese oil firm likely to hold stake in Adco concession, analysts say

Chinese companies are expected to gain stakes in Abu Dhabi’s onshore oil concession operated by Adco, the Abu Dhabi Company for Onshore Petroleum Operations (Adco), as ties between the two strengthen, analysts say. Privately run Chinese firm CEFC China Energy is in advanced talks to secure a stake to develop onshore oilfields, according to a report by Reuters this week. ...

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