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|05 September, 2018

UAE's Mubadala completes oilfields acquisition deal in Russia

Mubadala Petroleum has bought a 44% stake in Gazprom Neft-Vostok

A view of Mubadala Building in Abu Dhabi.

A view of Mubadala Building in Abu Dhabi.

Mubadala/ Handout via Thomson Reuters Zawya

MOSCOW- Abu Dhabi's state-owned Mubadala fund has completed a deal on investment in oil production in Russia's western Siberia, the Russian Direct Investment Fund, a partner in the deal, said in a statement on Wednesday.

Mubadala Petroleum has bought a 44 percent stake in Gazprom Neft-Vostok LLC, the operator of 13 oilfields, from Gazprom Neft has acquired 5 percent in the company.

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(Reporting by Vladimir Soldatkin; Editing by Polina Ivanova) ((vladimir.soldatkin@reuters.com; +7 495 775 12 42;))