FINANCIAL NEWS

UAE’s Mubadala discovers gas plant in Malaysia

24 Jun 2014

(MENAFN) Abu Dhabi’s Mubadala Petroleum has recently made a gas discovery in Malaysia, its fourth in the country, according to Arab News.

Mubadala Petroleum, a unit of Abu Dhabi’s investment fund Mubadala, said it discovered substantial gas in the Pegaga well in its operating block SK320.

Maurizio La Noce, CEO of Mubadala Petroleum, said: “Together these discoveries represent a very significant hydrocarbon resource, with the potential for a commercially attractive, integrated development.”

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