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
UN official lauds China's role in reconstruction of Somalia - Xinhua
03-07-2015

Exclusive: US Operates Drones From Secret Base in Somalia - FP
03-07-2015

4,000 Djibouti workers to arrive in KSA - Arab News
03-07-2015

Somalia marks 55th Independence Day - presstv
02-07-2015

Al-Shabab Attacks Expose AMISOM Weakness - VOA
02-07-2015

Obama Urges Support for Medicaid Expansion by States - VOA
02-07-2015

Saudi prince to give away $32bn to charity - BBC
02-07-2015

How Britain's khat ban devastated an entire Kenyan town - theguardian
01-07-2015

Kenya, Somalia in talks to end border row out of UN court - AP
01-07-2015

U.S Congratulates Somalia on its 55th Independence anniversary - US Embassy
01-07-2015

University Of Nairobi students on al Shabaab payroll - Police - The Star
30-06-2015

Somalia Islamist Attacks Test Goal of Al-Shabaab Defeat by 2016 - Bloomberg
30-06-2015

Facebook opens first Africa office - AFP
30-06-2015

Africa Energy Withdraws From Puntland, Somalia Blocks - MarketWatch
30-06-2015

Ibrahim Mahadale, a friend of the president of Somalia will replace the current Minister of planning in So...
30-06-2015

Somali’s Shabaab attacks army camp, several killed - AFP
29-06-2015

At least 15 killed in fighting between Somali army, al-Shabaab - dpa
29-06-2015

UN official commends election of speaker of regional assembly - Un News Centre
29-06-2015

We will not relent in war against terror - Uhuru - The Star
28-06-2015

Kenya releases Somali pirates en masse despite warnings - asc
28-06-2015

UPDF overruns Al-shabaab camp - NewVision
28-06-2015

Is another Somalia in the making? - ArabNews
27-06-2015

Security Council condemns attack on diplomats in Somalia - IANS
27-06-2015

Dozens killed as Al-Shabab overrun African Union base
27-06-2015

Somali militants attack African Union base south of capital - Reuters
26-06-2015

'Becoming Chinese': Meet the first Somali with a Home Return Permit -
26-06-2015

IGAD commend Kenya for lifting ban on Somali remittance firms - Xinhua
25-06-2015

     
     
Login
Username

Password



Not a member yet?
Click here to register.

Forgotten your password?
Request a new one here.