Middle East Economic Survey

VOL. XLVIII

No 18

2-May-2005

Aabar Petroleum IPO Success Reflects Enthusiasm For GCC Energy Investment

The desire of investors to participate in the GCC energy sector was clearly illustrated when Aabar Petroleum Investments Companys initial public offering (IPO) last week came in a record 800 times oversubscribed. Given the driving role energy plays in the GCCs economy, there is little opportunity open to investors and energy is woefully underrepresented in the regions...