Who We Are
About Mubadala Energy
Established in 2012 as Mubadala Petroleum, in 2022 we became Mubadala Energy.
Our bold proposition reflects our new strategy for the future, focused on expanding across the gas value chain and into new energy sectors to play our part in the energy transition.
is to leverage our strength in natural gas to produce responsible, sustainable, low-carbon energy that powers people and their communities, creates long-term value and supports the energy transition as a bridge to a low-carbon future.
is to be the international future energy champion for Abu Dhabi by expanding across the gas value chain and actively participating in new energy sectors for a sustainable future.
is to be a resilient, international low-carbon energy company.
Dolphin Energy is incorporated with Mubadala as a 51 percent shareholder
Heads of Agreement signed with ADWEC for supply of first Dolphin pipeline gas
Mubadala Energy & Industry Unit is founded
Production Sharing Contract signed for Block 53 in Oman containing the Mukhaizna oil field
The first gas from Qatar begins flowing through the Dolphin export pipeline across the Arabian Gulf
Dolphin Energy project gas flow reaches 2 billion standard cubic feet per day
Mubadala acquires Pearl Energy with operated exploration, development and production assets in Southeast Asia
Mubadala enters Malaysia with the signing of a Production Sharing Contract for SK320 with Petronas Carigali as partner
Mubadala Energy signs Production Sharing Contract for West Sebuku in Indonesia as operator
Ruby gas field commences production
Successful exploration drilling campaign in SK320, offshore Malaysia, yields three new discoveries
Dolphin Energy produces six trillionth cubic foot of gas
Ruby gas field produces the 100 billionth cubic feet of gas
Signing Production Sharing Contract for Andaman I (operator) and Andaman II (30 percent interest) in Indonesia
Acquisition of 10 percent interest in the Shorouk Concession comprising the Zohr gas field, marks entry into Egypt
Acquisition of a 44 percent interest in the Gazpromneft-Vostok joint venture, marks entry into Russia
Acquire 20 percent interest in Nour exploration concession in Egypt
Signing of PSC for G1/61 with Erawan gas field with partner PTTEP in Thailand
Signing of Gross Split PSC for South Andaman as operator in Indonesia
Development drilling at Malaysia’s Pegaga field commenced
Launch of the inaugural Mubadala Energy Sustainability Report
Started to manage shareholder’s interest in the Pak-Arab Refinery Company (PARCO) in Pakistan and the Arab Petroleum Pipelines Company (SUMED) in Egypt.
acquisition of a 22 percent stake in the Tamar gas field, off-shore Israel
Pegaga gas field in Malaysia starts production
Production milestone of 500,000 Barrels of Oil Equivalent a Day (boed)
Gas discovery in the Andaman II block, adjacent to the operated Andaman I & South Andaman blocks in Indonesia
Gas discovery at the Cengkih-1 exploration well, offshore Block SK320 in Malaysia
Mubadala Petroleum becomes Mubadala Energy
“Our new strategy is a bold evolution for our business. It will create significant opportunities, and I know this strategy is right for us, for our people and for our shareholder.”
Mansoor Mohamed Al Hamed,
CEO Mubadala Energy
informed by an extensive assessment of current and future market dynamics and underpinned by three key realities
The energy transition
is driving change in our industry, with gas acting as a key bridging fuel to a lower carbon future. We must actively play our part in this evolution.
ESG is a major driver
of investment decisions for all industries, including ours.
as well as the Abu Dhabi and UAE governments, is committed to accelerating progress in both areas.
How has this shaped our strategy?
Through this strategy, Mubadala Energy’s future will be better aligned with long-term energy demand and decarbonization trends while creating opportunities for growth and development.
We are leveraging our strength in natural gas to produce responsible, low-carbon energy that powers people and their communities, creates long-term value and supports the energy transition. This is our purpose as a business.
To achieve this we have refocused our efforts to expand across the gas value chain while also embracing new energy sectors that help deliver a sustainable future.
To realize new opportunities, we are adapting the business to expand capabilities and capacity.
Mubadala Investment Company
Mubadala Energy is a wholly-owned subsidiary of Mubadala Investment Company (Mubadala), which is owned by the Government of Abu Dhabi.
Mubadala is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for its shareholder, the Government of Abu Dhabi.
Mubadala’s US $284 billion portfolio spans five continents with interests in multiple sectors including aerospace, ICT, semiconductors, metals and mining, energy, utilities, healthcare, real estate, pharmaceuticals and medical technology, agribusiness and a global portfolio of financial holdings across all asset classes. Mubadala has offices in Rio de Janeiro, Moscow, New York and San Francisco, with a joint venture in Hong Kong.
Mubadala is a trusted partner, an engaged shareholder and a responsible global company that is committed to world-class standards of governance.
To learn more about Mubadala, please visit: www.mubadala.com
Mansoor Mohamed Al Hamed Chief Executive Officer
Mansoor Al Hamed was appointed Chief Executive Officer of Mubadala Energy in February 2021. Prior his appointment he held the position of Chief Growth Officer where he was responsible for all new business development and Mergers & Acquisitions activities at Mubadala Energy.
He brings with him more than 15 years of diverse experience in the oil and gas industry and across various disciplines of business leadership.
Mansoor joined Mubadala Energy in 2010. Before joining Mubadala Energy, he worked in a highly diversified private sector business based in the UAE, gaining experience across commercial and managerial roles held in various business sectors.
Mansoor holds a BSc degree in Business Administration from the American University in Dubai and two MSc degrees from Abu Dhabi University and National Defense College in Abu Dhabi.
Diego Felix General Counsel
Diego Felix is the General Counsel at Mubadala Energy; he joined the company in 2012 and was appointed as the company’s General Counsel in 2016, bringing in over 16 years of post-qualification legal experience, in global oil and gas.
Prior to joining Mubadala Energy, Diego worked at Qatar International Energy Marketing Company (Tasweeq) in Qatar and Occidental Exploration and Production Company in Ecuador.
He is licensed to practice law in Ecuador and California, USA. Diego received his Law Degree from Pontificia Universidad Católica del Ecuador, Quito, Ecuador and holds a Masters of Laws (LL.M.) from Harvard Law School, Cambridge, USA.
Masroor Jilani Chief Financial Officer
Masroor was appointed as Chief Financial Officer of Mubadala Energy in June 2017. Prior this, he held various CFO positions; at Mubadala’s Technology and Industry platform in Abu Dhabi, UAE and at CH2M Hill Energy and Chemicals in Alberta, Canada. He brings with him more than 20 years of experience in the Finance function and international business operations and strategic planning with a strong track record of value creation and delivery.
In addition to CFA and CPA certifications, Masroor holds a Bachelor’s Degree in Engineering from NED University of Engineering & Technology (Karachi, Pakistan). He also holds a Master’s Degree in Business Administration from Simon Fraser University (Vancouver, Canada).
Stefano Raciti Chief Operating Officer
Stefano Raciti has over 30 years of diversified international experience in business development, project development and asset management gained in the oil & gas and advanced materials industries. He is experienced with key aspects of Corporate and Business Development, Projects Development, Strategic Planning, Asset Management, Oil & Gas Engineering/Project Management.
He has been at Mubadala since early 2007 covering different roles including VP Business Development for Mubadala Energy Services, as Asset Manager at Mubadala Energy and most recently as the Country Manager for Malaysia, where he oversaw Mubadala Energy’s flagship Pegaga gas project from exploration to development and into production.
He has held Board positions on a number of Mubadala joint venture companies, including a Chairman of the Board role. He also held the role of Chairman of Audit and Risk Compliance Committee for a Mubadala fully owned subsidiary.
He earned a BSc cum laudae in Civil/Structural Engineering from Tennessee Technological University and MSc in Systems Engineering from Virginia Polytechnic and State University.
Ali Abu Haliqa SVP, Human Capital & Corporate Services
Ali Abu Haliqa is responsible for leading the Human Capital function at Mubadala Energy. Having previously held senior roles with Mubadala Investment Company, Mubadala MOG, and Mubadala BMS, he brings with him more than 12 years of experience working to deliver Human Capital strategies for a range of organizations.
Ali joined Mubadala Energy in 2016 and has successfully planned and executed a range of strategic projects including Oracle deployment, global recruitment and talent management systems, and corporate values development.
During his tenure at Mubadala Energy, Ali has also established Human Capital policies and procedures for the Abu Dhabi HQ as well as overseas offices. Through these projects he has worked closely with the company’s leadership team to drive strategic initiatives such as Emiratization, workforce planning and cost optimization.
Ali holds a BSc degree in Human Resources Management from the Abu Dhabi University in UAE and MSc degree in Human Resources Management from Abu Dhabi University.
Board of Directors
Musabbeh Al Kaabi
Executive Director of Low Carbon Solutions & International Growth, ADNOCLearn more
Musabbeh Al Kaabi Executive Director of Low Carbon Solutions & International Growth, ADNOC
Executive Director of Low Carbon Solutions & International Growth, ADNOC Musabbeh is the Executive Director of Low Carbon Solutions & International Growth Directorate at ADNOC. This new business directorate, created in November 2022,is focused on driving investments in new energies and low carbon solutions as well as international growth in areas such as gas, liquefied natural gas (LNG) and chemicals.
Musabbeh currently serves as Chairman of the Board of Mubadala Energy, and Yahsat. He is also a board member of Masdar, a global leader in renewable energy and sustainable development, Tabreed, a UAEbased regional utility leader and Emirates Global Aluminium, the world’s largest ‘premium aluminium’ producer and the biggest industrial company in the UAE outside oil and gas.
Musabbeh holds a Bachelor of Science degree in Geophysical Engineering from Colorado School of Mines and a Master of Sciences in Geoscience from Imperial College, London.
Dr. Bakheet Al Katheeri
Chief Executive Officer, UAE Investments Platform, Mubadala Investment CompanyLearn more
Dr. Bakheet Al Katheeri Chief Executive Officer, UAE Investments Platform, Mubadala Investment Company
Dr. Bakheet Al Katheeri is the Chief Executive Officer of Mubadala’s UAE Investments platform. The platform is Mubadala’s national investment vehicle contributing to accelerate the transformation of the UAE’s economy by building national world class champions, fostering vibrant industrial and commercial clusters, and partnering with world-class global entities.
In this role, Dr. Bakheet spearheads the platform’s growth and strategic direction while steering its portfolio of national champions in multiple sectors, including energy, metals, aerospace, technology, healthcare, real estate, and infrastructure.
With an illustrious career spanning over two decades, Dr. Bakheet’s expertise in the energy and industrial sectors is widely recognized. He serves on various industry boards and committees in the UAE, including Cepsa, Oil Search, Mubadala Energy, Emirates Global Aluminum (EGA), Abu Dhabi Future Energy Company (Masdar), and National Central Cooling Company (Tabreed).
Dr. Bakheet holds a BSc degree in Petroleum Engineering and applied Mathematics from the University of Tulsa (Oklahoma, USA) and MSc in Environmental Science from UAE University. He also holds an Executive MBA from HCT, UAE and a Doctorate of Business Administration from the College of Business and Economics, UAE University.
Muhannad Al Qudah
Chief Financial Officer, UAE Investments, Mubadala Investment Company, Board Member of the Audit & Risk Committee of YahSat, STRATA, Sanad AeroTech and Abu Dhabi Airports CompanyLearn more
Muhannad Al Qudah Chief Financial Officer, UAE Investments, Mubadala Investment Company, Board Member of the Audit & Risk Committee of YahSat, STRATA, Sanad AeroTech and Abu Dhabi Airports Company
Muhannad Al Qudah is the Chief Financial Officer of Mubadala’s UAE Investments platform, looking after the financial needs of Mubadala’s assets across the sectors of aerospace manufacturing, telecommunication, satellite, mega data centers, utilities and renewable energy. Muhannad brings to the CFO role nearly 20 years of experience and is currently responsible for strategic financial planning, budgeting, performance scorecard, valuations, structured finance, management & business performance analysis, in addition to statutory reporting, controllership & governance.
With almost 12 years at Mubadala, he has held several leading positions including Finance Manager, Senior VP Finance, and Finance Director.
Having worked with a number of international companies in the MENA Region, Muhannad has strong multicultural experience and thrives on working in diverse geographies and marketplaces.
Prior to joining Mubadala, he was a Finance Manager at Dubai Holding, where he was overseeing various investments related to real estate and hospitality. Before that, he worked with reputable telecommunication companies including du, Saudi Telecom Company and Zain where he was managing their accounting and financial needs.
In addition to his role at Mubadala, Muhannad serves as a Board Member of the Audit & Risk Committee of YahSat, STRATA, Sanad AeroTech and Abu Dhabi Airports Company.
Muhannad holds an MBA from London Business School, American Certified Management Accountant (CMA), American Certified Financial Manager (CFM) and a bachelor’s degree in accounting & finance.
Marwan Nijmeh Deputy Chief Legal Officer, Mubadala Investment Company
Marwan Naim Nijmeh is the Deputy Chief Legal Officer at Mubadala Investment Company. He oversees certain legal operations across the Mubadala Group, in addition to being the General Counsel of UAE Investments at Mubadala Investment Company.
Previously he served as General Counsel of a number of Mubadala Group assets including Masdar, the renewable energy company. Before joining Mubadala, Mr. Nijmeh worked as a senior associate at international law firms including Allen & Overy and Simmons & Simmons.
He holds a BA of Law from the University of Jordan and an MA of Law (LLM) from the University of Manchester.
Board Positions: Minnesa and CEPSA.
Dr. Alyazia Al Kuwaiti Executive Director – UAE Industries, UAE Investments Platform
Dr. Alyazia serves as the Executive Director of the UAE Industries unit within Mubadala’s UAE Investments platform. The unit plays a pivotal role in promoting the growth of local industries, augmenting in-country value, ensuring energy security, and facilitating the transition to a more sustainable future. In her role, Dr. Alyazia oversees the growth of the UAE’s largest industrial companies including Mubadala Energy, Emirates Global Alluminum, Tabreed, Masdar Renewables Company and more. These companies specialize in key sectors such as metals, renewables, utilities, energy, and water desalination.
Before assuming her current role, Dr. Alyazia was the Executive Director of the Energy portfolio in Mubadala, where she was entrusted with managing global energy operating companies. Her remit included scrutinizing business plans, steering growth strategies, and enhancing overall performance.
Her 15-year tenure at Mubadala has been marked by a consistent record of high performance in various prominent roles, including leading the Upstream and Integrated Investments in Petroleum and Petrochemicals at Mubadala, and the Midstream & Upstream Investments at IPIC.
In her illustrious career, Dr. Alyazia has been at the helm of crucial financial transitions and mergers. Her strategic acumen is underscored by her involvement in the merger of two major Abu Dhabi sovereign wealth funds in 2016, consolidating assets of $120 Billion. In 2019, she led a successful transaction, divesting one of Mubadala’s energy assets to Carlyle Group, generating sales proceeds exceeding $3 Billion, and establishing a new partnership with a top tier private equity fund.
Dr. Alyazia’s leadership extends to various boards, such as CEPSA, OMV, the National Central Cooling Company (Tabreed), and the Abu Dhabi Fund for Development. She previously served on the boards of Abu Dhabi-based entities like Senaat, NPCC, Khalifa Fund, among others, contributing her expertise to their Audit, Remuneration, Projects, Strategy, and Sustainability committees.
Dr. Alyazia’s academic achievements include a Bachelor’s degree in Accounting and Finance from Portobello College, Dublin, a Master’s degree in International Business from the University of Wollongong, Dubai, and a PhD in Business Administration from the UAE University.
Pedro Miro Roig Independent Senior Advisor and former CEO of CEPSA
Pedro Miró is the former CEO of CEPSA, the Spanish Oil & Gas company which he joined as a trainee in 1976. During his career at CEPSA, he held a wide range of senior roles including as Director of the Corporate Research Center, Vice President of Exploration & Production and Senior Vice-President of Technical Operations, overseeing the Group’s refining and power activities as well as various corporate divisions, including HSE (Health, Safety and Environment) and Technology.
As a representative of CEPSA, Mr. Miró was also Chairman of MEDGAZ, one of the most significant projects in the gas sector in recent years, heading this company from the time of its establishment in 2000 until the start-up of the deepwater gas pipeline in March 2011.
In August 2011, he was named Chief Operating Officer of CEPSA and in January 2012, he was appointed to CEPSA’s Board of Directors and Executive Committee. Following this, in July 2016, he was named Chairman of the Board of Trustees of the newly-created Fundación CEPSA.
Mr. Miró actively serves in a number of Spanish and international associations. He is a member of the Boards of Trustees of both the Princess of Asturias Foundation, and FUNSEAM (Fundación para la Sostenibilidad Energética y Ambiental).
He has served on the Boards of various other affiliates of the CEPSA Group, having been Chairman of Asesa, Detisa, Gepesa, CEPSA Gas Comercializadora, CEPSA Química, CEPSA Química Becancour and Detén.
Mr. Miró has also been a member of the Board of Directors of CLH (Compañía Logística de Hidrocarburos) and has served as Deputy Chairman of Europia (European Petroleum Industry Association), Board Member of Concawe, Deputy Chairman of AOP (Association of Petroleum Operators) and Founding Trustee of Corporación Tecnológica de Andalucía.
Omar Eraiqat Co-Head of Credit Investments, Mubadala Investment Company
Omar Eraiqat is the Co-Head of Credit Investments at Mubadala Investment Company, the Abu Dhabi-based sovereign investor managing a US $243 billion portfolio spanning six continents with interests in multiple sectors and asset classes. As a founding member of the Credit Investments unit, Omar has been instrumental in mapping its strategy and achieving the growth and development target of the business. He is also a member of the Investment Committee for Mubadala’s Disruptive Investments platform.
Since joining Mubadala in 2007, Omar has held a number of senior roles within the company. He was a member of Mubadala’s Specialty Finance unit, which was mandated with the development and growth of the joint venture between Mubadala and GE Capital that co-invested globally in a variety of asset classes in the credit space, primarily in leveraged loans and real estate financing. During this time, Omar played a critical role in driving the growth of the joint venture to reach US $5.5 billion of assets under management,
Omar was also previously a member of Mubadala’s Structured Finance and Capital Markets team, where he worked on structuring and executing a number of large transactions in a range of industries across Mubadala’s portfolio. He was a key member of the team that completed the recapitalization of National Central Cooling Company PJSC (Tabreed) in 2011, one of the first major successful restructurings of a publicly listed company in the United Arab Emirates.
Prior to joining Mubadala, Omar held positions with HSBC and Abu Dhabi Investment Company.
Omar holds a Bachelor’s degree in Finance and Marketing from the American University of Sharjah, UAE.
Maurizio La Noce Independent Senior Advisor, Mubadala Investment Company
Mr. La Noce is an Independent Senior Advisor at Mubadala Investment Company, focusing on various North and South American assets in the investment portfolio.
Until December 2020, Mr. La Noce was Senior Advisor to the Chief Executive Officer of the Mubadala Petroleum and Petrochemical Platform, responsible for the management of assets valued in excess of $44 billion along the hydrocarbon value chain. Mr. La Noce directly supported the CEO in managing a variety of strategic and tactical investments and M&A activities critical to the business.
From 2011 and 2014, Mr. La Noce served as CEO of Mubadala Petroleum, the wholly owned subsidiary of Mubadala, successfully investing in oil & gas exploration and production in the Eastern Hemisphere.
Mr. La Noce led Mubadala’s Industry, Energy and Oil & Gas business units from 2004 to 2010.
Before joining Mubadala, Mr. La Noce held several senior commercial and leadership positions in Atlantic Richfield (ARCO) and ENRON International while serving in various international assignments in Milan, London, Dallas and the United Arab Emirates.
Mr. La Noce currently serves on the Boards of Mubadala Energy and NOVA Chemicals.
Mr. La Noce earned a degree in Industrial Electronics in Milan, Italy, and received his hydrocarbons education at the Oxford College of Petroleum Studies in the United Kingdom. In 2009 he was made “Commendatore of the Italian Republic” by the 11th President of Italy, Dott. Giorgio Napolitano for his contributions to the promotion of strong business and social ties between Italy and the UAE.
Mr. La Noce has served on the Boards of Emirates Aluminium, The Abu Dhabi Future Energy Company (Masdar), Global Foundries of the US, Spyker Cars NV, Saab of Sweden, London Array Ltd.
Board Positions: Nova Chemicals and EGA America
Mubadala Energy’s business is further governed by policies, standards and procedures.
Code of Ethics
As a wholly-owned subsidiary of Mubadala Investment Company (Mubadala), the Mubadala Code of Ethics (The Code) sets forth our standards for business conduct that will allow us to execute against our mandate without compromising our commitment to integrity and the law. It also provides the foundation for the Ethics & Compliance Program. The Code covers how to maintain an ethical culture to ensure that Mubadala Energy personnel are doing the right thing, the right way.Learn more
Business Partners Code of Conduct
Mubadala Energy maintains the highest ethical standards in its business activities and expects the same from its Business Partners. Acting ethically requires, but is not limited to, complying with all applicable laws and regulations and conducting business with respect for principles of human rights and decency when interacting with both colleagues and external parties.Learn more