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
Forced returns of Somalis to al-Shabaab areas can amount to ‘death sentences’ - (AI)
24-10-2014

Resolution on Somalia-Eritrea Sanctions and AU Mission in Somalia(What's In Blue)
24-10-2014

Somali women's view of physical activity - a focus group study - (7th Space)
23-10-2014

UN political chief urges sustained efforts to combat piracy off Somali coast - (Xinhua)
23-10-2014

Breaking News: Police: soldier shot at war memorial in Ottawa(AP)
22-10-2014

Somalia's al Shabaab says stones man to death for rape - (Reuters)
22-10-2014

Somalia Plans to Start Producing Oil Offshore in Six Years - (BusinessWeek)
21-10-2014

Indifference of West leading Post-Gaddafi Libya to next Somalia - (Xinhua)
21-10-2014

Somalia wants its pirates in Kenya jails sent home - (The standard)
20-10-2014

UN Envoy for Somalia condemns attack on AMISOM troops in Hiiraan region - (UNSOM)
20-10-2014

Failed Initiatives befoul Somalia’s future by:Mr. Mohamud M Uluso
19-10-2014

AU Special Representative Saddened by Attack on AMISOM Peacekeepers, Urges for Calm and Restraint in Hiiran...
19-10-2014

Federal prosecutors recognized for Somali pirate case - (DailyPress)
19-10-2014

Minister of Information Mustafa Duhulow today addressed the media.
18-10-2014

Fears black market will flourish as Aussie banks stop Somalia remittances (Word News Australia)
17-10-2014

Statement from the Office of the President on the Occasion of the Signing of the Agreement with Puntland
17-10-2014

50,000 children in Somalia "on doorstep of death"(FG)
16-10-2014

The US Welcomes the Agreement between the Federal Government and Puntland State of Somalia - (US Department...
16-10-2014

At least four killed by car bomb in Somali capital(Reuters)
15-10-2014

Somali Islamist plot to attack Ethiopian capital: US - (AFP)
15-10-2014

Dispatches: Somalia – Worrying Times for Press Freedom (By Laetitia Bader)
14-10-2014

Somali Government & AMISOM Should Stop Deploying Sierra Leon troops in to Somalia - (Act For Somalia)
14-10-2014

China reopens embassy in Mogadishu after 23 years hiatus - (Xinhua)
13-10-2014

Death toll hits 20 in Somalia car bomb attack(Xinhua)
13-10-2014

Breaking News: Car explodes near hotel in Somali capital - police
12-10-2014

Somalia to halt banned charcoal trade at port recaptured from al Shabaab - (Reuters)
12-10-2014

Somalia's Islamist rebels down but not out after military setbacks (Reuters)
10-10-2014

     
     
Login
Username

Password



Not a member yet?
Click here to register.

Forgotten your password?
Request a new one here.