Mubadala Petroleum Profit Slips
The profit of Abu Dhabi’s state-owned Mubadala Petroleum slipped to $798mn (Dh2.93bn) in 2012 from $1.25bn (Dh4.59bn) in 2011. This was, in part, due to lower hydrocarbons revenue – which slipped to $1.76bn (Dh6.46bn) in 2012 from $2.04bn (Dh7.48bn) in 2011. In terms of 2012 developments in jointly controlled projects, Mubadala Petroleum – through its subsidiary, Pearl Oil Limited –...
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