China's CNPC inks $1.18B deal for stakes in Abu Dhabi oil

China's CNPC inks $1.18B deal for stakes in Abu Dhabi oil

China's state-run national petroleum company has signed a deal worth $1.18 billion for stakes in two oil and natural gas concessions in the United Arab Emirates' capital of Abu Dhabi. http://www.pennenergy.com/articles/pennenergy/2018/03/oil-and-gas-china-s-cnpc-inks-1-18b-deal-for-stakes-in-abu-dhabi-oil.html?cmpid=enl_pennenergy_pennenergy_research_2018-03-22&pwhid=1e90004a8e081f3272fb5f8e0e9a20316c85258cc50faf993491663afd10a38f41b62c13180d825ec81f1c72848099c33ec83965e1b8e8ff4a01aa5c32296aec&eid=288118515&bid=2042735