CNPC In Abu Dhabi Upstream Deal
Abu Dhabi hopes to produce from non-core fields as part of a wider effort to boost overall production to 3.5mn b/d. It has added China’s CNPC to the list of foreign firms charged with the task.
Chinese state firm CNPC has been given a stake in Abu Dhabi’s upstream sector with a concession that has been in the works for years.
The al-Yasat Company for Petroleum Operations, owned 60-40 by ADNOC and CNPC respectively, was established...