China vies with major players for UAE's prized onshore oil rights

01/14/2013 | National (Abu Dhabi, United Arab Emirates), The

Chinese officials are moving to provide support for National Petroleum Corp.'s bid for the Abu Dhabi Company for Onshore Oil Operations concession in the United Arab Emirates. Adco's existing onshore oil agreement with major players -- including ExxonMobil, BP and Royal Dutch Shell -- is scheduled to expire early next year. The Chinese state-owned firm also intends to seek the rights to seven untapped blocks in western Abu Dhabi to secure its presence in the region and increase its partnership with Arabian Gulf producers.

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National (Abu Dhabi, United Arab Emirates), The

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