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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The UAE has developed a number of oil fields in western Siberia

    Rocky
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    The UAE has developed a number of oil fields in western Siberia Empty The UAE has developed a number of oil fields in western Siberia

    Post by Rocky Thu 06 Sep 2018, 5:34 am

    The UAE has developed a number of oil fields in western Siberia

    The UAE has developed a number of oil fields in western Siberia 9896

    Mubadala Petroleum, a subsidiary of Mubadala, announced Thursday it had completed a deal with Russian companies to develop a number of oilfields in western Siberia. 
    "Mubadala Petroleum successfully completed a deal with Russian energy company Gazprom and Russia's direct investment fund to develop a number of oilfields in the Tomsk and Omsk regions of western Siberia," the WAM news agency reported.
    This follows the announcement on May 24 that Gazprom had sold a 49% stake in Gazprom Oil-Vostok, the operator of 13 oil fields in the two regions, for Mubadala Petroleum, And the Russian Federation. 
    After the announcement of the completion of the sale, Gazprom has a 51% stake in the joint venture, while Mubadala Petroleum holds 44%, the Russian Fund's share is 5%, and Gazprom-Vostok will remain Gazprom's The fields will continue to run.
    The joint venture, Gazprom Oil-Vostok, is Mubadala's first investment in the oil and gas sector in Russia.
    "This investment, which Mubadala Petroleum is making for the first time in the Russian market as one of the largest companies in the oil and gas sector in the UAE, is a difference event," said Alexander Dukov, chief executive officer of Gazprom Petroleum, the oil arm of Gazprom. Certainly for the industry.
    "Through our partnership with Mubadala Petroleum and the Russian Direct Investment Fund, we will not only focus on strengthening Gazprom-Vostok's business performance, but will also explore new opportunities for its development."
    "The company's 44 per cent stake in Gazprom-Vostok is a new and important step in our plans to achieve sustained and profitable growth through our first entry into the Russian market," said Saeed Al-Kathiri, CEO of Mubadala Petroleum. Which will add value to our existing oil portfolio. "
    It is worth noting that the proven and probable reserve of hydrocarbon resources of Gazprom Oil-Vostok is estimated at 40 million tons of oil, and the company's production in 2017 is about 33 thousand barrels per day.


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