China's Zhenhua Oil Doubles Crude Offtake from UAE in Major Deal
Agreement strengthens Beijing–Abu Dhabi energy ties
Chinese state-owned energy firm Zhenhua Oil has doubled its crude oil offtake from the United Arab Emirates under a new supply agreement.
Industry sources say the deal underscores deepening energy cooperation between China and the UAE, as Beijing seeks to secure stable oil supplies amid shifting global trade dynamics.
Industry sources say the deal underscores deepening energy cooperation between China and the UAE, as Beijing seeks to secure stable oil supplies amid shifting global trade dynamics.
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