The joint venture, Mubadala’s first step into the Russian oil market, will develop oilfields in Western Siberia.
Russian Direct Investment Fund
Posted inExploration
RDIF, Mubadala, Gazprom announce joint venture to develop Siberian oil fields
RDIF and Mubadala Petroleum will acquire a 49% equity stake in Gazpromneft-Vostok, the operator of the fields. Mubadala Petroleum will hold a 44% interest and RDIF will hold the remaining 5% interest.