International Petroleum Investment Company
| United Arab Emirates – Abu Dhabi | US$ 58 Billion |
|---|---|
| Established: 1984 Transparency Rating: 3 |
Origin: Oil Firm Investment Style: Portfolio Entity Structure: Public Joint Stock Company |
Summary:
The International Petroleum Investment Compan (IPIC) is the Abu Dhabi state enterprise which is responsible for all foreign investments in the oil and chemicals sector. It is based in Abu Dhabi, United Arab Emirates. The IPIC portfolio includes investments in Austria, Egypt, Pakistan, Spain, South Korea, UAE, Germany, Oman, Japan, and Portugal. Investments include downstream hydrocarbon operations, petrochemical plants, pipelines, power utilities, and shipping.
Background
When the IPIC was first established in May 29, 1984, the share capital was owned 50/50 by the Abu Dhabi Investment Authority and the Abu Dhabi National Oil Company. On December 6, 1986, the Government of the Emirate of Abu Dhabi became the direct owner of IPIC’s entire share capital.
Governance:
The IPIC is mananged by a Board of Directors appointed by Emiri Decree.
Major Direct Foreign Investments (Public & Private)
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