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ADNOC adds new Chinese partner following transfer of stakes in its Offshore Concessions from CNPC to CNOOC

The Abu Dhabi National Oil Company, ADNOC, announced on Monday its agreement to the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from the China National Petroleum Corporation, CNPC, to China National Offshore Oil Corporation’s subsidiary CNOOC Limited. The transfer has been approved by …

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