Japan's Inpex Wins Stake in Major UAE Oil Fields

April 27, 2015 3:38 PM

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The main state oil company in the United Arab Emirates says Japan's Inpex has won a stake in the development of major oil fields in the energy-rich emirate of Abu Dhabi.

The Abu Dhabi National Oil Company said Monday's deal gives Inpex's JODCO Onshore Limited a 5-percent stake in the project to develop the Abu Dhabi Company for Onshore Petroleum Operations oil fields for 40 years. It did not provide financial details.

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