Mubadala and Pemex to cooperate in Mexico’s upstream sector

Mubadala Petroleum, a wholly owned subsidiary of Mubadala Development Co., and Pemex have signed a memorandum of understanding (MOU) to provide the basis for discussions between the two companies and their affiliates about potential opportunities in Mexico’s energy sector.

As well as providing a framework for discussions to identify potential upstream exploration and production projects, the MOU identifies a number of broader areas for potential collaboration in the oil and gas midstream sector, and energy- and power-related infrastructure that may be of interest to other Mubadala businesses.

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