Abu Dhabi denies making gas deal with Iran

Spokesman from state-owned Mubadala issues a denial via email

Abu Dhabi, Crescent Petroleum, Gas contracts, International abitration, Iranian gas supplies, Mubadala, National Iranian Oil Company, NIOC, South Pars gas, UAE gas supplies, NEWS, Industry Trends

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Mubadala Petroleum Services Company, the sovereign wealth fund controlled by the Abu Dhabi government has issued a denial regarding the recent reports of it being in talks with the National Iranian Oil Company (NIOC) to import Iranian gas to the UAE.

Iranian newspaper the Tehran Times reported that a Mubadala spokesman issued a rebuttal via email.

“Neither Mubadala nor any of its subsidiaries are involved in discussions with the NIOC regarding import of gas to the UAE,” the paper quoted the email as saying.

Yesterday, the Iranian Mehr News Agency reported that NIOC and Mubadala had reached a preliminary agreement, adding Iran will start to deliver up to 10 million cubic meters of gas per day to the Emirati company and taking over the deal the NIOC had in place with the UAE-based Crescent Petroleum.

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