Mubadala Petroleum and the Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia have signed a cooperation agreement, according to a press release.

According to the release, the agreement purpose of the agreement is aimed at sharing knowledge, increasing the strength of the Somalia Ministry and its staff, and developing upstream opportunities in Somalia over time.

Mubadala is 100% owned by the government of Abu Dhabi, United Arab Emirates.

Somalia is currently the ranked by Transparency International on the Corruption Perception Index at position 175, the worst country in the world.


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