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UAE: Total gets pick of Adco concession

France’s largest oil company Total is still mourning the loss of its charismatic chief executive, Christophe de Margerie, in a plane crash in October, but his extensive Middle Eastern contacts book continues to bring rewards. Total’s late January signing of a new 40-year agreement to develop Abu Dhabi’s largest onshore oil concession means it has edged aside its two major rivals, Shell and BP, in the battle for profits from the emirate’s oil. On 29 January, Total signed an agreement with the Supreme Petroleum Council of Abu Dhabi and Abu Dhabi National Oil Company (Adnoc)

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