UAE oil giant eyes foreign partnerships to tap Asian markets

CEO sees deal as early as this year to renew Japanese stakes in Abu Dhabi fields

0728N Jaber

Sultan Ahmed Al Jaber, group CEO of Abu Dhabi National Oil Co.

TOKYO -- A state-owned oil company of the United Arab Emirates is making "good progress" in talks to renew Japanese producers' rights to crucial concessions and is seeking partners to expand in the growing Asian market, its leader told The Nikkei.

Sultan Ahmed Al Jaber, group CEO of Abu Dhabi National Oil Co. and UAE minister of state, traveled to Japan recently to meet with Prime Minister Shinzo Abe and Foreign Minister Fumio Kishida following a trip to China.

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