Wednesday, 5 September 2018

UAE's Mubadala completes oilfields acquisition deal in Russia

UAE's Mubadala completes oilfields acquisition deal in Russia:

Abu Dhabi’s state-owned Mubadala fund has completed a deal on investment in oil production in Russia’s western Siberia, the Russian Direct Investment Fund, a partner in the deal, said in a statement on Wednesday.

Mubadala Petroleum has bought a 44 percent stake in Gazprom Neft-Vostok LLC, the operator of 13 oilfields, from Gazprom Neft . RDIF has acquired 5 percent in the company.

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