Tuesday 5 May 2015
 
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Inpex wins 5pc stake in new Abu Dhabi concession

Abu Dhabi National Oil Company (Adnoc) said on Monday it had granted Japan's Inpex Corp a 5 per cent stake in a new 40-year concession, making it the first Asian firm to help operate the UAE's biggest oilfields after decades-long partner

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Inpex in talks for new Abu Dhabi concession

Japanese oil and gas developer Inpex Corp is in final adjustments to obtain a 5 per cent stake in a new concession to help operate the United Arab Emirates' biggest oilfields for $1.1 billion, public broadcaster NHK said on Monday.

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Abu Dhabi to invest $25bn in offshore oilfields

Abu Dhabi plans to invest over $25 billion in the next five years on boosting its oil production capacity from offshore fields, a senior official of Abu Dhabi National Oil Co (Adnoc) said on Tuesday. The plan is part of the United

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Adnoc to ramp up run rate at newly expanded Ruwais refinery by June

State-owned Abu Dhabi National Oil Co (Adnoc) is expected to ramp up run rates and have all of the units at its newly expanded Ruwais refinery operating by June, industry sources said.   The expanded refinery, wh

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Adnoc set to start oil product deliveries to Egypt

State-run Abu Dhabi National Oil Company (Adnoc) will start monthly deliveries of $400 million of petroleum products to Egypt from next week until the end of October, a source at the state-owned Egyptian General Petroleum Corporation (EGPC) said

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Adnoc sells naphtha below market rate from Ruwais

Abu Dhabi National Oil Co (Adnoc) has sold about 125,000 tonnes of naphtha to Vitol at premiums that were at least $10 below the market rate of $28 a tonne to Middle East quotes on a free-on-board (FOB) basis, traders said on Friday.

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Adnoc offers record volume of naphtha from Ruwais

Abu Dhabi National Oil Company (Adnoc) has offered 120,000 to 125,000 tonnes of low-sulphur naphtha for mid-April lifting from Ruwais, its largest offer in a single spot tender as production has increased following its refinery expansion, trader

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L&T completes $400m Adma-Opco contract

Larsen & Toubro's  (L&T) hydrocarbon business has progressively commissioned the $400-million Umm Lulu Phase-I and Nasr Phase-I Field development projects of Abu Dhabi Marine Operating Company (Adma-Opco). The Umm

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Abu Dhabi concession a ‘blockbuster’: Total CEO

The chief executive of Total hailed the renewal of its oilfield concession in Abu Dhabi as a "blockbuster" and did not deny the French oil major may have coughed up over $2 billion to sign the deal. The Paris-based compa

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Adnoc signs $500m technical accord with Oxy

State-run Abu Dhabi National Oil Company (Adnoc) has signed a technical agreement with US-based Occidental Petroleum to develop the Al-Hail and Ghasha oilfields, Adnoc said in a statement on Tuesday. "Under the terms of the n

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