VOL. XXX

NO. 14

12-JANUARY-1987

UAE

Abu Dhabi Reconstitutes International Petroleum Investments Company

The President of the UAE and Ruler of Abu Dhabi, Shaikh Zayid ibn Sultan al-Nuhayyan,has issued a new law No. 2 of 1987 providing for the reconstitution of theInternational Petroleum Investments Company (IPIC) which was first establishedin May 1984 with a capital of $500mn owned equally by Abu Dhabi National OilCompany (ADNOC) and the Abu Dhabi Investment Company (ADIC), the commercial armof...