Mubadala, Taqa Step Up Search for Mideast Assets

摘要

Mubadala and Taqa, two of Abu Dhabi's state-backed energy firms tasked with investing the oil-rich emirate's petrodollars abroad, have increasingly been making waves closer to home, demonstrating a willingness to step up regional investments at a time when some Western firms seek to reduce their exposure to the politically challenging Middle East. Taqa only recently snapped up its first Mideast upstream asset, in the Kurdistan region of northern Iraq, while Mubadala has been leading the regional charge more aggressively. Top executives at both companies suggest there is room for cooperation between the two on joint regional projects in the future, creating a potentially formidable duo.