Conoco & UAE's Mubadala Deal

UAE's Mubadala, Conoco agree Kazakh deal
Reuters - USA
The UAE's Mubadala Development Co said on Sunday it has signed a preliminary deal with US major Conoco-Phillips and Kazakhstan's state energy firm to develop an offshore Kazazh oil and gas block.

Conoco and Abu-Dhabi government-owned investment agency Mubadala will each hold a 24.5 percent stake in the offshore Kazakh block in the Caspian Sea, Mubadala said. ...