Adnoc transfers key oil and gas concession stakes to Chinese giant

CNOOC acquiring 4% stake of CNPC’s former 10% interest in each of the Lower Zakum as well as Umm Shaif and Nasr concessions

Stakes deal: CNOOC taking interests in Abu Dhabi concessions from CNPC, Adnoc says — Stakes deal: CNOOC taking interests in Abu Dhabi concessions from CNPC, Adnoc saysPhoto: ADNOC

Nishant Ugal

New Delhi

Published 27 July 2020, 09:29Updated 27 July 2020, 09:29

CNOOC ADNOC CNPC Umm Shaif Lower Zakum