Abu Dhabi – Mubasher: Mubadala's oil and petrochemicals sectors is one of the top business sectors for the company, Emirates News Agency (WAM) reported, citing Musabbeh Al Kaabi, CEO of Mubadala's petroleum and petrochemicals' sector, as saying.
Mubadala has various subsidiaries operating in the field with over AED 150 billion ($40.85 billion) worth of investments, the top official explained, speaking about his companies' investments.
Globally, however, Mubadala's investment portfolio exceeds AED 800 billion ($217.84 billion), while its oil output surpasses 500,000 barrels of oil equivalent per day, Al Kaabi revealed, noting that Mubadala's subsidiaries produce over 700,000 barrels of oil equivalent per day.
He further added that Mubadala has investments in over five continents and 40 countries across the globe.
