A man rides a motorcycle near an ADNOC petrol station in Abu Dhabi, United Arab Emirates July 10, 2017. REUTERS/Stringer
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Abu Dhabi awarded a second slice of its offshore oil concessions in as many weeks, this time to Spanish refiner and producer Cia Espanola de Petroleos SA for a $1.5 billion fee.Abu Dhabi's Mubadala Investment Co. owns Cepsa.Adnoc secured a $600 million deal with a group of Indian companies for the Lower Zakum field on Feb. 10 .Neither Cepsa nor the Indian companies that won a 10-percent stake at the Lower Zakum concession were partners in the emirate's main producing fields.Adnoc will retain a 60-percent stake in each of the three blocks for which it's seeking partners.
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