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International Petroleum Investment Company  
Also known as: IPIC
Sector | Industry
Financial Services | Investment Companies
 
Country of Origin
United Arab Emirates
 
 
 
 
 
 
 
Company Updated: Jan 22, 2008
 
UAE
Joint Stock
 
 
Investment arm of Abu Dhabi Government in oil related projects.
1984
85 (Company)
 Key Officers
HH Sheikh Mansour Bin Zayed Al Nahyan 
Chairman
Khadem Al Qubaisi
Managing Director
 
 Contact Details
Address:
Al Muhairi Centre, Office Tower
10th Floor
Sheikh Zayed Road
P.O. Box 7528
Abu Dhabi
United Arab Emirates
 
+971 2-633-6555
 
+971 2-633-0111
 
support@ipic.ae
 
www.ipic.ae
 
www.cepsa.es
www.parco.com.pk
www.omv.com
www.oilbank.co.kr
www.omv.at
www.agrolinz.com
www.cosmo-oil.co.jp
www.manferrostaal.com
www.oilsearch.com
www.edp.pt

 
  Latest Headline
China National Petroleum Corp To Sell CNY20B 3-Yr Bonds Wed - Zawya Dow Jones Newswires
 
  Privatization Details
Subscription
Period:
2009
Size of Offering:
$544.57M to $816.85M
Equity Offering:
20%
 

  Business Overview
IPIC's downstream investments abroad are estimated at $1.35 billion, covering six refineries with a combined production capacity of 642,500 barrels per day, 2,800 marketing outlets, and exploration and production rights in 11 countries.

IPIC has invested in OMV, Austria's largest company and one of the world's leading oil and natural gas groups. The company had a turnover of $7 billion in 2001 and provided employment for 5,600 people. OMV and IPIC own between them 40% of Pak-Arab Refinery Limited in Pakistan.

A third major IPIC investment is in Borealis Group, a major producer of polyethylene and polypropylene. The Borealis Group produces over 3 million tonnes of PE and PP each year, and employs nearly 5,200 people.

In 1998, IPIC paid $500 million to acquire 50% of Hyundai Oilbank Company, South Korea's third largest refiner. And since 1988, the company has held a 9.65% stake in Cepsa Group, a leading Spanish oil company. Cepsa has substantial operations in Algeria and Morocco and employs 9,000 people.
 
 
 Major Shareholders
This Requires Subscription
 Available to subscribers only. Information in this section includes Shareholder Names and their corresponding Holding Percentages. » More Details
 
  Organization Structure and Related Entities
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
Hyundai Oilbank Company South Korea 70.00%
MAN Ferrostaal Germany 70.00%
Borealis Austria 64.00%
Gulf Energy Maritime UAE 30.00%
Pak Arab Refinery Pakistan 30.00%
Cosmo Oil Company Japan 20.08%
Oman Polypropylene Oman 20.00%
Investments
 
Name  Country  Holding
OMV Aktiengesellschaft Austria 19.20%
Oil Search Papua New Guinea 17.60%
Arab Petroleum Pipelines Company Egypt 15.00%
Compania Espanola de Petroleos [Cepsa] Spain 9.50%
Energia De Portugal [EDP] Portugal 2.00%
Funds
 
Name  Country  Holding
Falah Investment Fund Kazakhstan 50.00%
MENA Associated Gas and Global Environment Fund [AGEF] Region-wide -
Developments and Projects
 
Name  Country  Holding
Abu Dhabi Crude Oil Pipeline Project UAE -
Khalifa Coastal Refinery Project Pakistan -
 
 
  Representatives
Auditors
 
Ernst and Young
 
Banks
Abu Dhabi Commercial Bank
First Gulf Bank
National Bank of Abu Dhabi
Law Firms
Hadef Al Dhahiri and Associates
Shearman and Sterling
 
 Summary Financials
This Requires Subscription
 Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details
 
Company information provided by © 2009 ABQ Zawya Ltd.
 
 
    
 
 
 
 
 
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