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Abu Dhabi awards Spanish firm stake in offshore oil concession

Abu Dhabi

ABU Dhabi National Oil Co (Adnoc) said on Sunday it has awarded Spanish Cepsa firm a 20 per cent share in a concession of two offshore oil fields in a deal worth US$1.5 billion.

The 40-year deal aims to double production at the emirate's offshore fields of SARB and Umm...

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