Abu Dhabi has filled in the blanks at its 1.66mn b/d onshore Adco concession, awarding the final 12% stake to two Chinese firms. China was the UAE’s second largest market for crude oil last year despite purchases falling and the government is keen to bolster relations with this key export market.

More than two years after Total became the first foreign firm to snap up a stake in the rebooted Adco onshore concession, the UAE has finally filled the 40% available to foreign firms.

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