VOL. XXXI

NO. 34

30-MAY-1988

UAE

Abu Dhabi Plans New Downstream Ventures

The Director General of Abu Dhabi's International Petroleum InvestmentCompany (IPIC), Mr. Khalifah Muhammad al-Shamsi, disclosed in an interview withReuters on 23 May that the Abu Dhabi Government is planning to participate injoint ventures abroad in the fields of refining and marketing of oil products aswell as petrochemicals, so as to ensure secure outlets for its crude productionin the face of future price fluctuations....