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Oil & Gas Middle East Power 50 2017: 11-20

by Arabian Oil & Gas Staff on Apr 6, 2017


Khaldoon Khalifa Al Mubarak, CEO, Mubadala
Khaldoon Khalifa Al Mubarak, CEO, Mubadala
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11. Khaldoon Khalifa Al Mubarak, CEO, Mubadala

Having recently merged with International Petroleum Investment Company (IPIC), Mubadala Development Company is operating on a completely different playground this year. The $125bn merged entity named Khaldoon Al Mubarak as the new chief executive to managing the new company’s 68,000 employees. Outside of Abu Dhabi, the combined company produces 850,000 barrels of oil equivalent per day (boepd). This also includes its wholly-owned subsidiary Cepsa, and 21% holding in Japan’s Cosmo Oil. Al Mubarak is responsible for ensuring the company’s business strategy is aligned with Abu Dhabi’s economic diversification efforts. Among his roles, he is the Chairman of the Abu Dhabi Executive Affairs Authority (EAA) and a member of the Abu Dhabi Executive Council, giving him a strategic outlook on Abu Dhabi oil and gas affairs. According to the company’s website, Mubadala’s portfolio today is valued at more than $63.5bn. ‘In alignment with Abu Dhabi’s investment priorities, Mubadala actively invests in initiatives that hold exciting returns, strengthen the social infrastructure, and maintain competitive advantage’, says the website.


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