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.. from / Omar Saidi.
Abu Dhabi, 11 November 2006 (WAM) – His Excellency Musabah Al Kaabi, Chief Executive Officer,
For the petroleum and petrochemical sector of Mubadala Investment Company
The petroleum and petrochemical sector is one of the main sectors of activity
Mubadala is formed under the aegis of large international specialized companies
In the oil, gas and petrochemicals sectors, the value of its combined investments increases
From 150 billion dirhams, while the total value of the investment portfolio
Mubadala has a global total of 800 billion AED and exceeds total output
Companies in the sector 500 000 barrels of oil equivalent per day at the level of
The world .. With the capacity of refineries belonging to more than 700 000
Barrels of oil equivalent per day.
Al-Kaabi said in a special interview with the WAM emirati news agency
Abu Dhabi International Petroleum Conference "ADIPEC 2018", starting tomorrow
And will continue until November 15 under the auspices of His Highness Sheikh Khalifa bin Zayed
Al Nahyan, president of the state, may God protect him – that the sector owns and manages a portfolio
Balanced companies and integrated projects covering its activity and activities
Different phases of the entire value chain in the oil and gas industry
Petrochemistry, which has three sub-sectors, is the exploration
Production, transport, storage, refining and petrochemicals.
He emphasized that investment and projects by companies in the sector
From 40 countries on five continents from the United States of America to
Europe, from the Middle East to Southeast Asia and Japan offers this diversity
Provides unique opportunities for growth and flexibility that can "swap" from adaptation to
Challenges and fluctuations facing the global energy sector.
He highlighted the sector's desire to boost investment by increasing revenues
Affiliates of the investment portfolio and reinforce technological capacity building
Global partnerships and integration between different companies in the sector
The strategy on which the petroleum and petrochemical sector is based
Obtain added value in various companies in the characterized investment portfolio
Geographic diversity in the energy sector.
Said the director general of the petroleum and petrochemical sector in Mubadala
Investment companies focus on exploration and production
Opportunities that establish a relative balance between low-cost oil resources
And the growing share of gas production, transportation and storage projects
Basic pipeline operations where the focus is on providing low income
Risk-based and predictable based on production capacity
The risks of fluctuating commodity prices are significant.
The integration of refining projects was continuing
And petrochemicals in growing or high value markets by providing
Commodities at competitive prices through the application of technologies belonging to the sector
The extensive experience in the operation and management of the investment portfolio contributing to this
Balanced approach in promoting the competitive position of the company on a global scale also allows
Value in various investments.
Al-Kaabi explained that Mubadala is a global investment company
Global Outlook for Strong and Continuous Demand for Oil and Gas Supply
The future that requires the use of new large-scale investments
Sectors associated with the energy sector and this comes at a time when it is expected
World experts estimate world economic output should double 20%
General 2040.
He said growth would stimulate mainly emerging economies such as China
And India, which will increase the demand for continuous energy in India
The future offers attractive investment opportunities and promising returns.
Continuing demand for transportation fuels in emerging markets is contributing to
Strengthen the future of the sector as well as the strong growth of petrochemicals
Much of this will focus on the manufacture of lightweight materials needed for the production of
The big new tech products come into play while it will play
Natural gas plays an increasingly important role in forming a global energy mix
Thanks to its efficiency and low impact on the environment
Compared to other fossil fuels.
Al-Kaabi spoke about the industry's recognition of the changing nature of the business cycle
Therefore, he is keen to improve the sector's investments, taking into account a range of
Different scenarios for commodity prices and products are guaranteed
Portfolio flexibility naturally through the integration and diversity of businesses
From the sector.
He stressed the importance of cooperation and coordination between companies and stakeholders for
The global energy industry, which emphasized the open dialogue between the concerned parties
The energy sector has contributed to the stability required in the global oil market
By adopting the principles of transparency and improvement of communication between influential actors
And actors from around the world.
He called for further dialogue and cooperation
In the industry, not only to discuss the issue of supply and demand, but also to
It is about improving the eagerness to face many challenges such as the phenomenon
Climate change and technology and a proactive approach in a coordination framework
And dialogue to meet the challenges and take advantage of the opportunities they will offer
Through events and global dialogues such as ADIPEC
Platforms in which ideas and ideas are presented.
HE Mr Musabah Al Kaabi confirmed that Abu Dhabi had played a leading role in the energy market
Abu Dhabi was established by the government of Abu Dhabi for 60 years
Promote a balanced approach and contribute to economic diversification
The emirate and the state invest in important global economic sectors
Strategy for the economy of Abu Dhabi and through which sustainable financial returns can be obtained
Based on Mubadala's investment approach and leadership role
Energy sector in addressing the new global challenges it faces
And adapt them to enable them to contribute to the prosperity of the emirate
Abu Dhabi.
Partnerships with the world's largest companies have been established
Is of particular importance as one of the fundamental institutional values that it adopts
And is being implemented by Mubadala, expressing its pride in cooperating with the Abu Dhabi oil company
National "ADNOC" for more than 20 years where we share the goal
Common value of long-term value and growth
Economic situation in the country.
He pointed out that the most prominent examples of partnership with ADNOC are a number of
Joint projects in the field of industry, including the project "Ruwais" in Abu Dhabi
Who aims to establish one of the largest industrial complexes for the production of petrochemicals
And Bruges, created as a joint venture 20 years ago
Between ADNOC and a subsidiary of Borealis
Overall in the petrochemical sector based in Austria and holds a share of "Mubadala"
The majority and Borouge is the company responsible for the production of chemicals in full
Almost in the complex "Ruwais" began production gradually increases after completion
Completion of Bruges 1, 2 and 3 complexes.
He explained that investments in the construction of the new project "Borouge 4" – which
The last plant to produce "polypropylene – 5" will help support ambitions
Bruges needs to reach a total production capacity of 2.24 million tonnes per year.
Al-Kaabi highlighted the support of the project of the ADNOC to establish the Ruwais refinery complex
And petrochemicals in partnership with Cepsa, a wholly owned subsidiary of Mubadala
And the world leader in the production of "Linear alkyl gasoline".
This partnership reflects Mubadala's commitment to support the creation of a global complex to produce these
Materials in Abu Dhabi through the provision of exclusive technology rights
His operational expertise and his knowledge of the petrochemical and energy market.
He said that the opportunities offered by innovation in the oil and gas industry
Promising technologies push swap to rethink how you treat
The energy sector, while innovation has always been an important pillar of its business
Noting that the application of technology makes it possible to explore and extract more materials
Efficiency and conversion in the various product choices that the market needs
The use of large data and an artificial intelligence would add an advantage
Competitive electricity companies to enable efficient performance and reduce costs
Production a.
The challenges facing the sector have provided opportunities for our graduates while stimulating them
Possess new skills in certain disciplines to keep pace with changes
The sector is part of the state's vision of providing graduates with future skills
Mubadala is committed to providing citizens with diverse opportunities to learn and learn from experience
And then, integrate them as part of a sustainable future energy system.
Al-Kaabi emphasized the sector's willingness to take advantage of the opportunities available
Ongoing investments in favor of the company's petrochemical complex
"ADNOC" at "Ruwais" complex to attract investment from around the world through Mubadala companies
Work in this field to meet the growing demand of a group
Variety of petrochemical products increasingly sophisticated.
He added that, early this year, celebrated the companies "Nova Chemicals"
And "Borealis" of Mubadala laying the foundation stone of the "cracking" plant "ethylene"
Using steam in Port Arthur Texas, an American project
In partnership with his partner Total, where the project was recently approved
The "Pak Arab" refinery Limited ("BARCO") has revealed the joint venture
The Government of Pakistan, Mubadala and its subsidiary OMV, the goal of the project
Create a new refinery to increase the refining capacity of the refinery located near
The city of Karachi at a rate of 150% is expected to become the refinery of most projects
Developed in terms of technology in Pakistan has been designed to meet the demand
Fast growth on products.
He highlighted the most important achievements of the oil sector
And petrochemicals in Mubadala in 2018, including a revision of the strategy
To companies in the sector and to be able to identify encouraging growth opportunities, geographically or
According to its subregions and the investment of more than 15 billion US dollars in
Projects and new opportunities for investment in the oil portfolio
For the sector.
One of the most significant results was the initial agreement reached
Each subsidiary of the company, Cepsa, with ADNOC to set up the factory
The largest and most efficient producer of alkylbenzene in the world
In the "Al Ruwais Refining and Petrochemical Complex" globally
Asia Mubadala Petroleum Company has announced more than one billion investments
Develop the Pegaja gas field in Malaysia and started "Mubadala"
The first of its investments in the Egyptian market by the acquisition of a stake
10% in the concession of the "Shorouk" gas field in Egypt, which includes the deposit, "midi"
Giant natural gas in the Mediterranean.
He added that the company had announced the creation of a new partnership with the Russian investment fund
The oil company Direct and Gazprom will develop deposits in Western Siberia is the first
Mubadala Petroleum's investment in the Russian energy market.
Al-Kaabi expressed his pride for the achievements of Mubadala companies operating under the umbrella of the sector
Oil and petrochemicals for the excellence of his work, his projects and his strong performance
In addition to being flexible in the face of market fluctuations and the established position
At the level of the global energy sector, which will enable them to take advantage of
Emerging trends in this sector.
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