China's Zhenhua Oil Doubles Crude Offtake From UAE

China's Zhenhua Oil doubles crude offtake from UAE

China's Zhenhua Oil is set to double its oil offtake from Abu Dhabi National Oil Co to 200,000 barrels per day after taking on a new role leading development of one of the exporter's top oilfields, three Chinese industry sources said. In January, the smallest of China's state oil companies replaced French major TotalEnergies following a bidding process to become asset leader for Bu Hasa, the largest onshore oilfield in the United Arab Emirates, …

Chinese State Oil Firm Doubles UAE Crude Offtake

Chinese state-controlled company Zhenhua Oil is doubling its offtake of crude from Abu Dhabi’s state oil and gas firm after taking over as lead developer of the UAE’s biggest onshore oilfield, industry sources in China told Reuters on Thursday. Zhenhua Oil will double the volumes of crude it receives from Abu Dhabi’s ADNOC from 100,000 barrels per day (bpd) to 200,000 bpd. Earlier this year, the Chinese firm took over from French supermajor Tota…

Chinese refiner doubles crude offtake from UAE

China’s Zhenhua Oil is set to double its oil offtake from Abu Dhabi National Oil Co. (Adnoc) to 200,000 barrels per day (bpd) after taking on a new role leading development of one of the exporter’s top oilfields, three Chinese industry sources said. In January, the smallest of China’s state oil companies replaced French major TotalEnergies following a bidding process to become asset leader for Bu Hasa, the largest onshore oilfield in the UAE, th…