• HSBC

Mubadala denies Iran import rumours

  • United Arab Emirates: Tuesday, August 18 - 2009 at 10:13

Mubadala Development Co. has denied that it is holding talks with the National Iranian Oil Co. to import gas to the UAE. 'Neither Mubadala nor any of its subsidiaries is involved in discussions with the National Iranian Oil Co.,' Mubadala has said. Iran's state-run Mehr news agency has reported that Mubadala had offered to import Iranian gas to the UAE after a delay in a deal between NIOC and Crescent Petroleum Co.

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