More than two years after Total became the first foreign firm to snap up a stake in the rebooted Adco onshore concession, the UAE has finally filled the 40% available to foreign firms.
Chinese state firm CNPC signed up to an 8% stake on 19 February, whilst private sector compatriot CEFC secured the remaining 4% the following day. Despite the separate dates, this should be viewed as a package deal. (CONTINUED - 2057 WORDS)
