Thursday, September 10, 2026

Indians Pay $600 Million for Stake in Abu Dhabi Oil Concession

From Bloomberg Indian companies agreed to pay $600 million for a stake in one of Abu Dhabi’s biggest offshore oil concessions, securing a share in the emirate’s crude production for the first time. State-owned Oil and Natural Gas Corp. and two other Indian companies will take a 10 percent share of the concession to pump crude from the Lower Zakum field, under