China is hugely expanding its Abu Dhabi upstream presence. Last week’s deal paves the way for another upstream award, while Adnoc aims to enter China’s downstream.

Commercial ties between Adnoc and CNPC deepened further during Chinese President Xi Jinping’s 20 July visit to the emirate. CNPC now looks clear front runner to secure at least one block during Abu Dhabi’s debut licensing round, while Adnoc is zeroing in on a stake in China’s downstream sector.

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