Abu Dhabi’s sovereign fund Mubadala will not change its investment strategy in 2022, keeping a focus on renewables, technology, and life sciences, its CEO Khaldoon Khalifa Al-Mubarak said.

OMV, which currently owns a 36 percent stake in Borealis, will acquire an additional 39 percent from Mubadala. The transaction value amounts to $4.68 billion and represents the biggest acquisition in OMV’s history and the largest transaction ever for Mubadala.

In H1 2019, the production on the Zohr field amounted to 11.3 bcm of gas, which is 3.6 times more than in the same period last year.

Abu Dhabi sovereign wealth fund Mubadala saw a jump in its assets under management in 2018, reaching $229bn, up from $127.7bn the previous year.

Mubadala Petroleum has signed an agreement with Premier Oil to farmout a 20% participating interest in each of the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs), in which Mubadala Petroleum is the operator.

ENI - Eni sells to Mubadala Petroleum a 20% stake in the Nour North Sinai Offshore concession in Egypt

MEOG - Mubadala Petroleum, Gazprom Neft and the Russian Direct Investment Fund (RDIF, the Russian Federation's sovereign wealth fund) announced the establishment of a joint venture to develop oil fields in the Tomsk and Omsk regions of Western Siberia.