Middle East Economic Survey

VOL. LI

No 11

17-March-2008

UAE

Oxy, IPIC Sign Joint Investment Agreement

Occidental Petroleum (Oxy) announced on 10 March the signing of an agreement with Abu Dhabis International Petroleum Investment Company (IPIC) for joint participation in hydrocarbon-related investments. Under the agreement the companies will jointly evaluate and participate in developing upstream and downstream projects within and outside the Middle East, Oxy said. The agreement is a natural...