International Petroleum Investment Company
| International Petroleum Investment Company
|
|
|---|---|
 |
|
| legal form | Sovereign wealth fund |
| founding | 1984 |
| Seat |
Abu Dhabi , United Arab Emirates
|
| management | Sheikh Mansour bin Zayed Al Nahyan |
| Branch | Investments , equity stakes |
| Website | www.ipic.ae |
The International Petroleum Investment Company , or IPIC for short, is a state-owned company in the United Arab Emirates based in Abu Dhabi .
The company was founded in 1984 with a portfolio of $ 1 billion. It is responsible for all foreign investments by the Emirates in the oil and chemical industry. It is controlled by the Supreme Petroleum Council of Abu Dhabi , which oversees all operations in the country that affect the oil industry. Meanwhile, the market value has risen to an estimated five billion US dollars. By law of January 21, 2017 , IPIC merged with Mubadala Development Company to form Mubadala Investment Company .
The company's investments are mostly long-term.
Investments
Among other things, IPIC is a partner in the company
- Aabar Investments PJS, United Arab Emirates (71%) (since March 23, 2009)
- Hyundai Oilbank Company, South Korea (70%)
- Borealis AG , Austria (65%, remainder OMV AG )
- Cepsa Maghreb, Morocco (50%)
- Gulf Energy Maritime PJSC, United Arab Emirates (30%)
- Pak Arab Refinery, Pakistan
- Compañía Española de Petróleos SA (Cepsa), Spain (9.5%)
- OMV AG , Austria (24.9%)
- NOVA Chemicals , Canada
- Abu Dhabi Petroleum Investments Holding, United Arab Emirates (75%)
development
IPIC State Fund in early October 2008, a cash injection of 3.5 billion pounds to Barclays given bank that it can now convert into a stake of 16.3 percent.
See also
Other sovereign wealth funds in Abu Dhabi are:
Web links
Individual evidence
- ↑ Board of Directors ( Memento of the original dated May 9, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Anthony McAuley: Ipic and Mubadala nameboard for $ 125 trillion mega merger . In: The National , January 21, 2017, accessed June 6, 2017.
- ↑ Annual Report 2013. (PDF; 8.14 MB) OMV , April 1, 2014, p. 34 , accessed on November 18, 2014 (section “OMV shareholder structure”).
- ↑ http://www.ftd.de/koepfe/whoiswho/:Kopf-des-Tages-Mansur-al-Nahjan-Auf-Feldzug-in-Europa/491302.html ( Memento from March 26, 2009 in the Internet Archive )
