Abu Dhabi gives China encouragement on oil concession | The National:
"The Supreme Petroleum Council, Abu Dhabi’s highest oil policy body, is to evaluate the possibility of awarding China a concession after “very good” progress in talks, said the UAE Minister of Energy.
China National Petroleum Corporation (CNPC) has evaluated a set of seven undeveloped blocks in the west of Abu Dhabi, its first tentative step towards accessing hydrocarbon reserves dominated for the greater part of the century by the western supermajors.
A concession, if awarded, would follow a strategic cooperation agreement signed by the Chinese state-owned giant and Abu Dhabi National Oil Company (Adnoc) last year."
'via Blog this'
No comments:
Post a Comment