Japanese, French, Move To Secure Abu Dhabi Concessions
In a move to help Japanese oil companies renew their offshore oil field concessions in Abu Dhabi and gain a foot-hold onshore, two state-owned Japanese firms signed deals on 10 February to support state-owned Abu Dhabi National Oil Company (ADNOC). The agreements provided a $3bn loan and CO2 enhanced oil recovery (EOR) technology for pilot tests. Tokyo is also studying providing an Asia-Pacific energy...
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