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عربي

International Petroleum Investment Company

  
Also known as: IPIC
 
 
 
 
 
 
 
 
 
 
Updated: Feb 21, 2011
 
 
 
Country

UAE

Ownership Type
Company Type
Joint Stock
 
 
 
Zawya Industry Classifications (ZIC)
Sector Industry

Oil and Gas

 
Principal Activities
Investment in the oil and gas, petrochemicals and energy industries.
 
Date of Establishment Year
1984
 
No of Employees
N/A (As of Feb 16, 2011)
 
 
Contact Details
Address:
Al Muhairi Centre, Office Tower
10th Floor
Sheikh Zayed Road - 1st Street
P.O. Box 7528
Abu Dhabi 
United Arab Emirates
 
Tel:
+971 2-633-6555
 
Fax:
+971 2-633-0111
 
Email:
info@ipic.ae
 
Website:
www.ipic.ae
 
Related Links:
www.cepsa.com
www.omv.at
www.cosmo-oil.co.jp
www.novachem.com
www.parco.com.pk
www.oilsearch.com
www.edp.pt

 
 
 M&A Details
 
Acquistion
 
Status
Complete
 
Acquirer
 
Target
 
Announcement Date
03 Oct 2011
 
Closing Date
03 Oct 2011
 
 
 Business Overview
The UAE-based International Petroleum Investment Company (IPIC)International Petroleum Investment Company (IPIC)Loading... is an investment company with interests in the oil and gas, petrochemical and energy industries.

IPICIPICLoading... provides oil and gas exploration through its subsidiary, Cepsa EgyptCepsa EgyptLoading.... The company manufactures petrochemicals, through two subsidiaries: the Austria-based Borealis and the Abu Dhabi National Chemicals CompanyAbu Dhabi National Chemicals CompanyLoading... (ChemaWEyaatChemaWEyaatLoading...), which is undertaking the AED73.5 billion (USD20 billion) Chemicals Industrial City. Through its Pakistan-based subsidiary, Pak Arab Refinery (PARCO), IPICIPICLoading... refines 100,000 barrels of crude oil per day, as of 2011.

IPICIPICLoading... sold its majority share (70%) in the Germany-based Ferrostaal, in November 2011, to the German company MAN for AED1.7 billion (USD464 million).

ChemaWEyaatChemaWEyaatLoading... plans to build Chemicals Industrial City in the Western Region of Abu Dhabi, Al Gharbia. The project value is estimated at AED73.5 billion (USD20 billion). Upon completion in 2015, the project will include an export sea port, sea water intake and outfall, and storage terminal.
 
 
 Major Shareholders   
Name   Type  Country  Holding 
Government of Abu Dhabi  Government UAE 100.00% 
 
 
 Direct Investments and Related Entities 
Subsidiaries/Associates/Affiliates
Name  Country  Holding 
Cepsa Egypt Egypt 100.00%
IPIC GMTN Limited UAE 100.00%
NOVA Chemicals Corporation Canada 100.00%
Aabar Investments UAE 86.60%
Abu Dhabi Petroleum Investment Company UAE 75.00%
Borealis Austria 64.00%
Compania Espanola de Petroleos [Cepsa] Spain 47.10%
Abu Dhabi National Chemicals Company UAE 40.00%
Pak Arab Refinery [PARCO] [via Abu Dhabi Petroleum Investment Company] Pakistan 40.00%
Oasis International Power UAE 36.00%
Gulf Energy Maritime UAE 30.00%
OMV Aktiengesellschaft [OMV] Austria 24.90%
Cosmo Oil Company [Cosmo] Japan 20.76%
Investments
Name  Country  Holding 
Arab Petroleum Pipelines Company Egypt 15.00%
Oil Search Limited Australia 15.00%
Energias de Portugal [EDP] Portugal 4.00%