PetroChina acquires stakes in two UAE offshore concessions to enhance economic cooperation

Wang Yilin (L), Chairman of China National Petroleum Corporation (CNPC), shakes hands with Sultan Ahmed Al Jaber, CEO of Abu Dhabi National Oil Company (ADNOC), after signing deals for China's national oil company to acquire stakes in two UAE offshore concessions in Abu Dhabi, the United Arab Emirates, on March 21, 2018. The United Arab Emirates (UAE) and China on Wednesday signed two deals for China's national oil company to acquire stakes in two UAE offshore concessions, in a bid to enhance bilateral economic cooperation. (Xinhua/ADNOC)