POST Online Media Lite Edition


Mubadala Petroleum and CNPC sign cooperation agreement

Staff writer |
Mubadala Petroleum and China National Petroleum Corporation (CNPC) have signed an agreement to foster greater co-operation between the two companies in the oil and gas exploration and production sector.

Article continues below

The non-binding strategic co-operation agreement was signed during a ceremony in Beijing by His Excellency Dr Sultan Al Jaber, CEO Energy, Mubadala Development Company, on behalf of Mubadala Petroleum, and CNPC Chairman Wang Yilin.

The agreement identifies potential areas for collaboration in the upstream oil and gas sector outside of the United Arab Emirates and, more specifically, new and existing projects including onshore conventional projects, offshore projects and LNG projects.

Musabbeh Al Kaabi, CEO, Mubadala Petroleum, said, “This Agreement reflects a growing level of dialogue between ourselves and CNPC, both nationally-owned companies with expanding international interests.

“We welcome the continued strengthening of links between countries and companies across the traditional trading routes of the Middle East and Asia, a region where Mubadala Petroleum already has well established operations.”

What to read next

Mubadala Petroleum signs geological study agreement with Morocco
Boeing and Mubadala to be strategic partners
BP and CNPC sign shale gas production sharing contract in China