The agreements provided a $3bn loan and CO2 enhanced oil recovery (EOR) technology for pilot tests. Tokyo is also studying providing an Asia-Pacific energy storage hub in Japan for the UAE, MEES learns.
France’s Total is also looking to cement ties with the emirate. It hopes to retain its 9.5% stake in the Abu Dhabi Company for Onshore Oil Operations (ADCO) consortium that operates the major onshore fields, and gain the $10bn Bab ultra-sour gas field concession. (CONTINUED - 914 WORDS)