Abu Dhabi IPIC overseas investment value

Mar 12, 1997 01:00 AM

Mar. 4, 1997 Abu Dhabi's state-owned International Petroleum Investment Company (IPIC) had overseas investments valued at $ 1.06 bn by the end of last month, an adviser at the company said recently. Its core equity investments -- a 19.56 % interest in Austria's OMV AG and a 9.54 % shareholding in Spain's Compania Espanola de Petroleos (Cepsa) -- were valued at $ 881.9 mm as at February 27, Mike Cunningham, IPIC's senior investment evaluation adviser, told delegates at a conference. "On a conservative basis we assign a value of $ 183.8 mm to our non-publicly listed investments," said Cunningham. These include a 40 % stake in Pak-Arab Refinery Limited (PARCO), which operates a petroleum products pipeline in Pakistan, a 48 % holding in Pakistan fertiliser producer Pak-Arab Fertilisers Limited (PAFCO) and 15 % in the Arab Petroleum Pipelines Company (SUMED). Combined total assets of the five companies reached $ 11.5 billion in 1996 of which IPIC's share was $ 1.8 billion.

Source: not available
Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.


The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


Upcoming Conferences
« June 2019 »
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Register to announce Your Event

View All Events