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
Put-up job for Copenhagen conference on Somalia by:- Mr. Mohamud Uluso
31-10-2014

We’re not out of the woods yet, says Somali minister - (Khaleej Times)
30-10-2014

At least 3 million in Somalia in need of aid - UN Secretary General - (Reuters)
30-10-2014

Somalia is about to enter a new political phase called ''UN-Protectorate'' & (The Role of Nicholas Kay, Ban...
29-10-2014

The Secretary-Genaral:-Press pemarks on The occasion of the joint to Mugadishu -Somalia 29 October 2014
29-10-2014

UN Secretary-General and World Bank Group President arrive in Mogadishu, pledge support for regional peace,...
29-10-2014

In response to Monitoring Group on Somalia and Eritrea:-By:Musa Haji Mohamed “Ganjab”
28-10-2014

Kenya Will Not Succeed In Grabbing Somalia's Territorial Waters
28-10-2014

Uhuru holds talks with US General on Somalia progress - (The Star)
27-10-2014

Refugees may become citizens under new law - (DailyStar)
27-10-2014

Widening Rift Between Somali President and Premier - (AP)
26-10-2014

Somali civil society groups join forces to counter al-Shabaab ideology - (Sabahi)
25-10-2014

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

     
     
Login
Username

Password



Not a member yet?
Click here to register.

Forgotten your password?
Request a new one here.