Middle East Economic Survey

VOL. LIII

No 42

18-Oct-2010

UAE

Mubadala Oil And Gas Output Up 14.3%

The oil and gas output of Mubadala Development Company, an Abu Dhabi government-owned conglomerate, has risen by 14.3% (or 50,000 boe/d) to over 400,000 boe/d in the past year, a senior executive at the company said on 13 October. The balance has come from Bahrain and Oman, CEO of Mubadala Oil and Gas Maurizio la Noce said while speaking at a conference in London. The company began production...