Mubadala eyeing opportunities in Mexico’s energy sector

UAE’s Mubadala Petroleum, and Mexico’s Petróleos Mexicanos (Pemex) have signed an agreement to provide the basis for discussions between the two companies and their affiliates about potential opportunities in Mexico’s energy sector.

The Memorandum of Understanding (MoU) was signed during a ceremony in Dubai by Musabbeh Al Kaabi, CEO of Mubadala Petroleum, and Emilio Lozoya Austin, CEO of PEMEX.

As well as providing a framework for discussions to identify potential upstream exploration and production projects, the MoU identifies a number of broader areas for potential collaboration in the oil and gas midstream sector, and energy and power-related infrastructure that may be of interest to other Mubadala businesses. the UAE-based oil company said in a statement on Tuesday.

Musabbeh Al Kaabi, CEO of Mubadala Petroleum, said, “This MoU is a first step to opening a concerted dialogue with PEMEX to look at collaborative opportunities in Mexico and reflects the strengthening relationship between the UAE and Mexico. We look forward to working alongside PEMEX to see how we might contribute to Mexico’s initiative to revitalize and develop its energy sector.”

Emilio Lozoya Austin CEO of PEMEX, said, “The Mexican energy reform allows PEMEX to have partners for upstream and midstream projects. Mubadala is a world class partner to establish a solid, long term relationship with. We will look into some primary projects, as well as to support infrastructure projects for the core business‎ and decide joint investments that benefit both parties and may consider third party if required.”

 

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2018 >>
MTWTFSS
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

Fuel Cell Expo 2019

FC EXPO is world’s largest show for hydrogen & fuel cell…

read more >

LNG Bunkering Summit 2019

LNG Bunkering Summit will cover the obstacles facing both the shipping and port communities…

read more >

Egypt Petroleum Show

This event will feature 500+ regional & international exhibiting companies from over 35 countries…

read more >

IoT in Oil & Gas 2019

The IoT in Oil & Gas 2019 Conference will continue to focus on helping operators…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply