UAE

IPIC Studies Offers to Participate in US and Japanese Refineries 

Abu Dhabi's International Petroleum Investment Corporation (IPIC) is currently examining offers to acquire an equity interest in three oil refineries and gas stations in the US and the Far East, according to Mr. Khalifah Muhammad al-Shamsi, IPIC's director. Speaking in a recent press interview, Mr. Shamsi disclosed that in the US IPIC is presently studying two offers to invest in refinery projects. One is...