Friday, 20 October 2017 01:33 GMT
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Adnoc takes full control of country's biggest oilfields

(MENAFN) Abu Dhabi National Oil Company (Adnoc) has taken full control of the UAE's biggest oilfields when its venture with four global oil companies ended on January 11, Khaleej Times reported



Under the expired agreement, ExxonMobil, Royal Dutch Shell, Total and BP had 9.5 percent each in the Abu Dhabi Company for Onshore Oil Operations (Adco), while Adnoc had a 60 percent stake



The UAE Energy Minister said: "Most of the existing partners are involved and expressed keen interest to participate.
Adnoc takes full control of country's biggest oilfields