Gazprom Neft, Mubadala discuss projects

Russian oil producer Gazprom Neft and UAE-based Mubadala Petroleum are discussing several possible projects in Russia and the Middle East, Gazprom Neft CEO Alexander Dyukov said yesterday.

“It is too early to speak of any concrete results and agreements,” Dyukov told reporters at an economic forum in Vladivostok.

On Sunday, Mubadala Petroleum, Gazprom Neft and Russian’s Direct Investment Fund announced the establishment of a joint venture to develop oilfields in the Tomsk and Omsk regions of Western Siberia. (Reuters)