Mubadala, Uzbekistan enter energy accords

Mubadala Investment Co. and the government of Uzbekistan have entered strategic agreements to cooperate in three energy areas, including oil and natural gas. Mubadala, Abu Dhabi’s strategic investment and development fund, also will work with the Uzbek government to identify partnership and investment opportunities in conventional power generation and renewable energy.

Mubadala Investment Co., Abu Dhabi, and the government of Uzbekistan have entered strategic agreements to cooperate in three energy areas, including oil and natural gas.

Mubadala, Abu Dhabi’s strategic investment and development fund, also will work with the Uzbek government to identify partnership and investment opportunities in conventional power generation and renewable energy.

Mubadala’s international operating company, Mubadala Petroleum, will explore opportunities in production enhancement of oil and gas fields in Uzbekistan and in refining and petrochemicals.

State-owned Uzbekneftegaz recently signed an agreement with Zarubezhneft of Russia to cooperate on enhanced oil recovery at three Uzbek fields (OGJ Online, Mar. 18, 2019).

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