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FINANCIAL NEWS
Abu Dhabi’s ADNOC inks USD2.2bn oil deal with BP
18 Dec 2016
(MENAFN) Abu Dhabi National Oil Co. (ADNOC) awarded British oil BP a 10 percent share in an onshore oil concession in an agreement worth USD2.2bn.
Furthermore, the British firm signed a deal with ADNOC in order to take a share in the Abu Dhabi Co. for Onshore Petroleum Operations (ADCO).
The renewed tie with BP will support ADNOC in achieving maximum economic value and levels of recovery.
In addition, the agreement will offer BP with long-term access to notable and competitive resources that they understand well.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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