ABU DHABI — The United Arab Emirates plans to develop an energy
partnership with Yemen.
The UAE's state-owned Mubadala Development Co. has been studying the
prospect of investing in Yemen's energy and petrochemical sectors, Middle East Newsline reported.
The official UAE news agency Wam reported that a Mubadala delegation held talks
with the Sanaa government and proposed an energy partnership with Yemen's
Safer E&P Co.
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Under the plan, Mubadala would invest to increase crude oil and natural
gas production at Block 18 in Yemen's Maarib province. No other details were
reported.
Mubadala has become a leading energy developer in the UAE.
The company, which has been building the UAE's defense industry, owns Dolphin Energy,
responsible for the construction of a gas pipeline to the UAE.
