China raising its stake in UAE oil fields
Special to WorldTribune.com The state oil company of China has been awarded a major onshore oil contract by United Arab Emirates. China Petroleum Engineering and Construction Corporation (CPECC), part of state-run PetroChina, won the $330 million contract for development of Abu Dhabi’s Mender oilfield, according to Beijing’s state-owned Xinhua news agency. Officials said China, which […]