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IPIC to use $4bn pipeline payment to repay debtAbu Dhabi's International Petroleum Investment Co (IPIC) expects to receive $4 billion in cash for a crude pipeline it built in the Gulf state, enabling it to repay some upcoming debt maturities, it said in an investor call. T More… |
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IPIC to use $4bn pipeline payment to repay debtAbu Dhabi's International Petroleum Investment Co (IPIC) expects to receive $4 billion in cash for a crude pipeline it built in the Gulf state, enabling it to repay some upcoming debt maturities, it said in an investor call. T More… |
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Ipic head appointed GEM chairmanUAE-based International Petroleum Investment Company (Ipic) has announced that its head of portfolio management division, Khalifa Abdulla Al Romaithi, has taken over chairmanship of Gulf Energy Maritime (GEM). Al Romaithi has take More… |
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IPIC to raise $2.9bn in three-tranche bondInternational Petroleum Investment Co (IPIC), an investment fund controlled by the Abu Dhabi government, is to raise the equivalent of $2.9 billion through a new three-tranche bond issue, lead arrangers said on Tuesday. The transa More… |
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IPIC picks banks for bond issueInternational Petroleum Investment Co (IPIC), the Abu Dhabi government-owned investment vehicle, has mandated banks for a bond issue which could be announced as early as Tuesday, sources familiar with the matter said. IPIC picked More… |
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Abu Dhabi 'exiting investment in Daimler'Abu Dhabi is exiting its investment in German carmaker Daimler, a German magazine reported, citing unidentified people within Daimler. Abu Dhabi's sovereign wealth fund Aabar is transferring More… |
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Oman Oil, IPIC set up JV to develop refineryAbu Dhabi's International Petroleum Investment Company (IPIC) said on Monday it has set up a joint venture firm with Oman Oil Company (OOC) to develop a 230,000 barrels per day oil refinery to be completed by 2017 in Duqm, on the east coast of More… |
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IPIC books $3.5bn loss on Daimler, UniCreditAbu Dhabi's state-owned International Petroleum Investment Co posted a $3.42 billion loss on stakes in automaker Daimler and Italian bank UniCredit in 2011, all but wiping out its profit. IPIC, which reported a 97 percent drop in 2011 net More… |
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Mubadala, Ipic launch JV for gas suppliesMubadala Oil & Gas, a business unit of Mubadala Development Company, and International Petroleum Investment Company (Ipic), have confirmed the launch of a joint project, Emirates LNG, aiming to secure additional gas supplies. As the Em More… |
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Ipic looks to refinance $850 million loanAbu Dhabi-based International Petroleum Investment Co (Ipic) has approached banks to refinance its $850 million syndicated loan from 2009, and the new deal is expected to establish a much-needed pricing benchmark for the region, bankers said. More… |
