Middle East Economic Survey
VOL. XLVIII
No 12
21-March-2005
UAE
Abu Dhabis IPIC Reports 30% Increase In Profit In 2004
The International Petroleum Investment Company (IPIC) has reported a record profit of $100mn in 2004, an increase of 30% over the figure for 2003. IPIC, which is 100% owned by the Abu Dhabi government, was established in 1984 as the investment arm of ADNOC in overseas petroleum ventures and financial equity. Its overseas investments include equity in Spains Cepsa, Austrias OMV,...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!