Feb 6, 2011

Cosmo Oil wins capital crude contract



Abu Dhabi's Supreme Petroleum Council has awarded a Japanese oil company an expanded 30-year concession to produce crude oil and explore for more off Abu Dhabi's coast.
It is the latest sign that the Government is intent on expanding its oil production capacity by renewing concessions, some of which date back 75 years.
[Read more]
Source: The national 
 
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