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 TotalEnergies as asset leader for Bu Hasa, ADNOC’s largest onshore asset, located…
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