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FINANCIAL NEWS
CNPC signs oil field deal with Abu Dhabi
30 Apr 2014
(MENFN) China National Petroleum Corporation (CNPC) received rights to produce and export oil from Abu Dhabi, a move that would help China secure fuel supplies to cope with its rapid economic growth, Arabian Business reported.
The Chinese state-owned firm has been expanding across the globe in order to secure oil and gas supplies needed to sustain its economic growth.
The Chinese firm will help provide onshore and offshore fields in the emirate and take a share of any oil produced.
A senior source at CNPC said: “It’s a typical concession, meaning you pay the royalty and then you get the JV (joint venture) share of production.”
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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