Latest Media
Daawo Qabsashadii c...
[03-07-2014 19:43]
Daawo Muuqaal ahaan...
[03-07-2014 19:43]
Daawo Kiiska Diyaar...
[03-07-2014 19:43]
Daawo Muuqala Arink...
[03-07-2014 19:43]
Daawo Xilkaqaadis k...
[03-07-2014 19:43]
Daawo Muuqaal Qabsa...
[03-07-2014 19:43]
Dhagayo Sheekh Cali...
[03-07-2014 19:43]
Daawo Muuqaalka Naa...
[03-07-2014 19:43]
Daawo Muuqaal ahaan...
[03-07-2014 19:43]
Dhagayso Askari ka ...
[03-07-2014 19:43]
     
Mubadala unit eyes oil opportunities in Somalia
A unit of Abu Dhabi-based Mubadala has signed a cooperation agreement with the Somali government which could see it developing oil exploration and production opportunities in the African country.

Mubadala Petroleum said it has signed the agreement with the Ministry of Petroleum and Mineral Resources following talks between the UAE and Somali officials earlier this year.

The deal will consider ways in which the two countries might work together to further the development of the Somali petroleum sector, a statement said.

It added that over time Mubadala Petroleum could look at "developing upstream opportunities in Somalia". The upstream oil sector is also commonly known as the exploration and production sector.

Musabbeh Al Kaabi, chief growth officer, Mubadala Petroleum, said: "This strategic agreement will draw upon the great experience of Abu Dhabi in developing a world-class environment for investment in the petroleum sector and enable Mubadala Petroleum to begin a long term relationship with the Ministry to support its upstream sector."

Mubadala Petroleum is and upstream oil and gas exploration and production company, a subsidiary of Mubadala Development Company and 100 percent owned by the Government of Abu Dhabi.

Mubadala Petroleum manages assets and operations spanning 12 countries, with a primary geographic focus on the Middle East, Africa and Central and Southeast Asia.

Office Network Allbanaadir.com
Mogadishu-Somalia
Allbanaadir@live.com


     
News From The World
Heartbreaking scene in Tooting tonight as homeless Somali woman sits where bench was removed
20-12-2014

In Kansas City, the close-knit Somali community is jarred by a teen’s death
20-12-2014

Great expectations await Somalia's new prime minister
20-12-2014

Mogadishu hosts a medal parade for AMISOM Kenya contingent
18-12-2014

SRCC for Somalia Welcomes the Appointment of the new Pime Minister
18-12-2014

ISIS lures teens through social media interaction
16-12-2014

Ethiopia urges Kenya to invest in intelligence to fight 'al-Shabaab'
16-12-2014

Somalia creates agency for refugees, IDPs
15-12-2014

Somali charged with attempted murder of Sudanese men
15-12-2014

Nine Shabaab suspects paraded in Mogadishu
14-12-2014

For jihadis, Denmark tries rehabilitation
14-12-2014

Islam’s Struggle for Space(by Abukar Arman)
13-12-2014

Robert Oakley, diplomatic troubleshooter, dies at 83
13-12-2014

Somali government, activists pledge to reverse grim human rights record
13-12-2014

Son accused in teen's death, Minneapolis mom says he needs mental help
10-12-2014

Could Kenya Learn From Ethiopia’s Anti-Terror Strategy?
10-12-2014

'Hate crime': Taxi driver recounts brutal attack
10-12-2014

Killing Of Muslim Teen Highlights Possible Uptick In Anti-Muslim Violence
09-12-2014

Denmark compensates suspected pirates for overly long detention
09-12-2014

Police on the hunt for robbers who shot Calgary businessman
09-12-2014

Workers flee Kenya's border town due to rising terror attacks
08-12-2014

Somalian Women's Rights Activist Receives Germany's FES Human Rights Award 2014
08-12-2014

Mogadishu: the only capital city in the world which has no free public school.
07-12-2014

Somali MPs vote out prime minister
06-12-2014

Back-to-back mass killings in Kenya raise pressure to protect citizens from Somali militants
04-12-2014

Minnesota's Somali community acts to counter ISIL recruiters
04-12-2014

Gunmen kill 36 workers in a Kenyan quarry near Somalia border
02-12-2014

     
     
Login
Username

Password



Not a member yet?
Click here to register.

Forgotten your password?
Request a new one here.