Zhenhua Oil Doubles ADNOC Offtake, Steps In as Lead at Bu Hasa
China’s Zhenhua Oil is doubling crude offtake from the UAE to 200,000 barrels per day under a new agreement. The firm also becomes asset leader at Abu Dhabi’s Bu Hasa—one of the region’s largest onshore fields—signaling tighter energy integration. Reuters reported that Zhenhua will add 100,000 bpd to its existing 100,000 bpd offtake from ADNOC,…