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Rosneft Signs Cooperation Agreement with Mubadala Petroleum

Source: www.gulfoilandgas.com 5/24/2014, Location: Asia

Rosneft President, Chairman of the Management Board Igor Sechin and Chairman of the Mubadala Petroleum Board of Directors and UAE Energy Minister H.E. Suhail bin Mohammed Faraj Faris Al Mazrouei in course of StPetersburg International Economic Forum have concluded a strategic cooperation agreement to foster greater co-operation between the two companies in the exploration and production sector.

The signature ceremony was led by President of the Russian Federation Vladimir Putin.

The non-binding agreement provides for potential participation of Mubadala Petroleum in the development of Rosneft assets in Eastern Siberia and Rosneft participation in international projects carried out by Mubadala Petroleum.

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