China: CEFC in advanced talks to acquire 10% stake in Abu Dhabi oil concessions

China: CEFC in advanced talks to acquire 10% stake in Abu Dhabi oil concessions

Photo: Reuters

Privately-run CEFC China Energy is in advanced talks to secure a stake to develop onshore oilfields in the United Arab Emirates under a 40-year deal, two industry sources with knowledge of the discussions said on Monday.

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