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The agreement, signed by Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla, allows the company to explore in a 3,084 square kilometer area of the Red Sea. (Shutterstock/File Photo)

UAE’s Mubadala Petroleum signs Red Sea oil exploration deal with Egypt

  • It will own 27 percent of the stake as part of the agreement, while Shell will own 63 percent
By Mohammed Abu Zaid ·
Abu Dhabi’s Mubadala seeks Israeli tech, investment partners

Abu Dhabi’s Mubadala seeks Israeli tech, investment partners

By Reuters ·

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