UAE

IPIC Ponders Downstream Oil Investments

Abu Dhabi's International Petroleum Investment Corporation (IPIC) is studying the possibility of downstream oil investments in Europe and the United States, according to Mr. Khalifah Muhammad al-Shamsi, IPIC's director. Speaking to Abu Dhabi's daily al-Ittihad, Mr. Shamsi disclosed that the corporation had completed studies on 10 possible investments and retained four for further consideration. These included gasoline stations,...