On April 3, local time, the NEWCONSTANT tanker loaded a million barrels of Chinese oil in the united Arab emirates' first boat, shipping China from the port of Fujairah. This shows that China's oil ABU dhabi ADCO onshore oilfield development project for more than a month after the contract is signed, quickly into the crucial stage of investment income, open all the way "area" new course bilateral energy cooperation.
ADCO, ABU dhabi's ADCO land field development project, which currently produces about 80 million tons of oil, belongs to the large-scale production of oil fields cooperation and development projects. This year on February 19, the Chinese oil group chairman wang yilin and ABU dhabi national oil company (ADNOC) chief executive and top oil and sign the purchase agreement, Dr Committee sultan petrochina acquire 8% equity, the contract's validity will last for 40 years.
Since the project contract, China's oil use in the Middle East mature international oil extraction management system and sales network, in the shortest time many resources integration projects and the international business company, established in the united Arab emirates oil sales program. Rights and interests of ship oil extraction for subsequent monthly crude settlement created the conditions to ensure the high-efficiency and full specified amount of the funds cage, the steady increase project benefits play an important role.
This project is the 2013 China oil and ABU dhabi national oil company, cooperative development projects on land or sea, upstream oil fields in the united Arab emirates (uae) is a major energy cooperation, as the representative of the mutually beneficial and win-win cooperation relationship for China's oil "bigger" in the Middle East is of great significance, optimizing the layout of overseas assets.