Monday 25 May 2015
 
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IPIC

Ipic seeks arbitration over S Korean refinery sale tax

Abu Dhabi-based International Petroleum Investment Co (Ipic), which sold its controlling stake in a South Korean refiner in 2010 for over $2 billion, has filed a request for arbitration, seeking compensation for a tax payment stemming from the s

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Ipic seeks arbitration over S Korean refinery sale tax

Abu Dhabi-based International Petroleum Investment Co (Ipic), which sold its controlling stake in a South Korean refiner in 2010 for over $2 billion, has filed a request for arbitration, seeking compensation for a tax payment stemming from the s

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Abu Dhabi's IPIC announces major board revamp

The UAE energy minister has been appointed the new managing director of Abu Dhabi investment fund International Petroleum Investment Company (IPIC) in a reshuffle of the board. Suhail Mohammed al-Mazrouei has been named managing d

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Orascom, IPIC to build 3,000MW coal-fired plant in Egypt

A consortium of Orascom Construction and Abu Dhabi-based International Petroleum Investment Company (IPIC) has been awarded a contract to build a coal-fired power plant in Egypt. A development agreement was signed by the duo as an

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Orascom, IPIC to build 3,000MW coal-fired plant in Egypt

A consortium of Orascom Construction and Abu Dhabi-based International Petroleum Investment Company (IPIC) has been awarded a contract to build a coal-fired power plant in Egypt. A development agreement was signed by the duo as an

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Abu Dhabi IPIC happy with OMV stake, in for long term

Abu Dhabi's IPIC sovereign wealth fund is happy with its nearly 25 per cent stake in Austrian energy group OMV and will remain an investor for the long haul, said its senior official. "OMV is in good shape so we are quite

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Real Madrid seal partnership with Abu Dhabi's IPIC

Real Madrid have agreed a "long-term strategic partnership" with Abu Dhabi fund International Petroleum Investment Co (IPIC) that will strengthen the club's status as the world's richest, and help fund a planned stadium overhau

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Gazprom in talks to buy Abu Dhabi's OMV stake

Russia's Gazprom is in talks to buy Abu Dhabi's 24.9 percent stake in Austrian oil and gas firm OMV, a source familiar with the talks told Reuters on Thursday. "Talks were held but they have yet to decide on pricing,&

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Ipic profit up 23pc to $2.2bn in 2013

International Petroleum Investment Co (Ipic) made a net profit of 7.9 billion dirhams ($2.2 billion) in 2013, up from 6.4 billion dirhams in the previous year, marking a 23.4 per cent increase, benefiting from a recovery in global equity markets

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Ipic profit up 23pc to $2.2bn in 2013

International Petroleum Investment Co (Ipic) made a net profit of 7.9 billion dirhams ($2.2 billion) in 2013, up from 6.4 billion dirhams in the previous year, marking a 23.4 per cent increase, benefiting from a recovery in global equity markets

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