Abu Dhabi
China's CEFC, CNPC Grab 12% Stake in Abu Dhabi Oil Deal
| Prei Dy | | Feb 21, 2017 05:30 AM EST |
Shanghai-based CEFC China Energy Co. snatched the last 4 percent stake for the onshore venture, Abu Dhabi National Oil Co. (ADNOC) confirmed on Monday. CEFC will be paying an $888 million signing bonus. China National Petroleum Corp. (CNPC) was also awarded an 8 percent in exchange for a signing bonus of $1.8 billion.
China’s oil Juggernaut CNPC Snaps up 8 percent Stake in Abu Dhabi’s Oil Venture
| Girish Shetti | | Feb 20, 2017 01:47 AM EST |
China's state owned oil and petroleum giant The China National Petroleum Corporation (CNPC) has snapped an 8 percent stake in Abu Dhabi's largest oil concession in a deal that is worth estimated to be $1.77 billion.
Russian Weapons Used by Assad’s Army in Syrian Civil War on Display at IDEX 2017
| Arthur Dominic Villasanta | | Feb 19, 2017 11:34 AM EST |
Russian weapons are well proven in the Middle East, proudly said Igor Sevastyanov, Rosoboronexport Deputy Director General.
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