VOL. XXX

NO. 9

8-DECEMBER-1986

UAE

IPIC Will Not Push to Go Downstream

Abu Dhabi's International Petroleum Investment Corporation (IPIC) is in nohurry to rush into downstream petroleum investments because of the current stateof the international oil market, according to Mr. Jaw'an Salem, IPIC's Chairmanand Undersecretary of the Abu Dhabi Finance Department. Speaking in a recentpress interview, Mr. Salem disclosed that IPIC's board has outlined aninvestment policy which, among other things,...