Mubadala unit joins with Rosneft in energy deal | The National:
"Mubadala Petroleum and Rosneft have agreed to cooperate in the exploration and production of oil and gas assets in Siberia and elsewhere, as the Russian state-owned producer looks to mitigate US and European sanctions through new trade links and diversified business.
The Rosneft chief executive, Igor Sechin, and the UAE Energy Minister Suhail Al Mazroui signed the non-binding agreement yesterday in the presence of the Russian president Vladimir Putin at the St Petersburg International Economic Forum.
It provides for the participation of Mubadala Petroleum in the development of Rosneft assets in Eastern Siberia and Rosneft participation in international projects carried out by Mubadala Petroleum.
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'via Blog this'
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