The UAE will host Expo 2020!
  • Arabic
Supported by the UAE National Media Council
We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

Mubadala Petroleum and China National Petroleum Corporation sign Co-operation Agreement

posted on 14/12/2015: 1932 views

ABU DHABI: Mubadala Petroleum and China National Petroleum Corporation, CNPC, have signed an agreement, in the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to foster greater co-operation between the two companies in the oil and gas exploration and production sector.

The non-binding strategic co-operation agreement was signed during a ceremony in Beijing by Dr. Sultan bin Ahmed Sultan Al Jaber, Minister of State and 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."

Li Yueqiang, Director-General of International Department, CNPC, said, "Based on the successful story of CNPC's presence inside the UAE, I am convinced that this agreement will be very conducive to further expanding our collaboration with Abu Dhabi partners on a global scale. CNPC is poised to work closely with Mubadala Petroleum to make substantive progress soon, delivering value to both our companies."

Mubadala Petroleum operates a growing portfolio of producing assets in South East Asia. The latest of these is Nong Yao, which is located in the Gulf of Thailand and came on stream in June 2015. The company is now the second largest black oil producer in Thailand. It also has several other projects under appraisal and development in the region. – Emirates News Agency, WAM -


29 June 2017 Mohamed bin Zayed gets phone call from Bill Gates
22 June 2017 Mohamed bin Zayed, Serbian President discuss bilateral ties of friendship, cooperation
22 June 2017 Mohamed bin Zayed holds talks with French President
22 June 2017 Abu Dhabi Crown Prince, French FM discuss strengthening relations
19 June 2017 Zakher Marine International, Quality Marine Services build three offshore barges at cost US$350

Most Read