IPIC is the International Petroleum Investment Company, formed by the Abu Dhabi government in 1984 to invest in the energy and related sectors across the globe.Today it manages a portfolio of investments in more than 18 leading companies across the hydrocarbon value chain, including exploration and production, shipping and pipelines, downstream retail and marketing, petrochemicals, power and utilities as well as industrial services.
The company was created by The Late HH Sheikh Zayed Bin Sultan Al-Nahyan, founder and first President of the United Arab Emirates, to advance his vision of using Abu Dhabi’s natural petroleum wealth to build a modern, diversified economy for the benefit of future generations.
With almost 30 years’ experience, IPIC leverages its investments in order to enhance the overall performance of its portfolio under the leadership of its Chairman, HH Sheikh Mansour bin Zayed Al Nahyan. The synergy within that portfolio and the mutually beneficial relationships with business partners around the world are essential to the success of the company, which has grown four-fold since the end of 2006.
IPIC operates with the objective of maximizing long-term shareholder value through active participation on the Board of Directors and other strategy-making bodies for every company in its investment portfolio. As a primarily financial investor, IPIC does not typically participate in the day-to-day management of its companies.
Technology and expertise developed through partnerships with IPIC’s portfolio companies on five continents are a key part of all of these projects and will help sustain Abu Dhabi’s future economic growth. IPIC will continue to play a key role in fostering Emirati talent, with an eye to developing Abu Dhabi’s next generation of business leaders.
IPIC’s investments have helped build Abu Dhabi’s and the UAE’s economy, creating industry and jobs. IPIC has become a global enterprise, but it remains true to its founding goal of the betterment of Abu Dhabi’s people and Empowering Our Future.