Here you can find out more information about each of the companies in the IPIC portfolio.Please click on the button above to view and select a company or a project.
Headquartered in Abu Dhabi, Aabar Investments PJS is a diversified investment company with holdings in various sectors including infrastructure, aviation, real estate, automotive, commodities and financial services. IPIC acquired a stake in Aabar in 2009 and has since progressively increased its stake to the current level of 97.82%.
The Abu Dhabi Crude Oil Pipeline (ADCOP) is a 48-inch-diameter pipeline designed to transport 1.5 million barrels per day of crude oil from the Abu Dhabi Company for Onshore Oil Operations (ADCO) facilities at Habshan over a distance of 380 km to an export oil terminal in Fujairah. The new pipeline will reduce the reliance on Arabian Gulf oil terminals.
Headquartered in Vienna, Austria, Borealis is one of the largest polyolefin producers in the world. Its core business revolves around the production of polyethylene (PE) and polypropylene (PP). IPIC has a majority stake (64%) and OMV a minority stake (36%) in Borealis, which has established the Borouge petrochemical joint venture in Abu Dhabi in conjunction with ADNOC.
Headquartered in Madrid, Spain, Compañia Española de Petróleos (CEPSA) is an integrated energy company, founded in 1929. The company is engaged in hydrocarbon exploration and production, refining and marketing; the transport and sale of crude oil derivatives; petrochemicals; and gas and electricity. Since 2011, it has been 100% owned by IPIC.
The Abu Dhabi National Chemicals Company, known as ChemaWEyaat, was established in November 2008 to create a series of world-class petrochemicals complexes with access to Abu Dhabi’s gas and liquid petroleum feedstocks. IPIC owns a 40% stake in the company, the Abu Dhabi Investment Council holds another 40% and ADNOC the remaining 20%.
Cosmo Oil is one of Japan’s largest oil refining and marketing companies. IPIC holds a 20.8% stake in the company, which engages in crude oil exploration and production operations primarily in the UAE and Qatar. It also produces and sells petrochemical products, operates four refineries in Japan and markets its products domestically through 3,500 petrol stations, as well as overseas.
The Duqm Refinery and Petrochemical Industries Company is a 50:50 joint venture owned by Duqum and the state-owned Oman Oil Company (OOC). It will construct, operate and maintain a refinery complex with a processing capacity of about 230,000 barrels per day, designed to process crude oil to be shipped out as refined products, and as petrochemicals in later phases.
Energias de Portugal (EDP) is a vertically integrated electric power company and a leading generator, distributor and supplier of electricity in Portugal. IPIC’s 4.1% stake, acquired in 2008, represented its first investment in the power sector and provides IPIC with diversification in the energy sector through a leading European power company.
Emirates LNG is a 50:50 joint venture between IPIC and Mubadala Oil and Gas, a business unit of Mubadala, for the development of a new LNG regasification facility on the UAE’s east coast in the Emirate of Fujairah. It will import additional gas supplies to meet energy demand from the UAE’s growing economy.
Falah Growth Fund is a 50:50 joint venture between IPIC and Kazakhstan, where the Kazakh holding is shared by Ordabasy Group (40%) and Kazyna Capital Management (10%). The Fund has US$500 million in committed capital and will focus on investments in Kazakhstan, Russia and the CIS states in the energy, power, food production, infrastructure, natural resources and real estate.
Gulf Energy Maritime (GEM) is a leading independent product/chemical tanker company and is rated among the top 10 independent product tanker owners in the world. GEM is a joint venture formed in 2004. IPIC holds a 30.5% stake and the other partners are Emirates National Oil Company, Oman Oil and Thales.
Headquartered in Calgary, Alberta, NOVA Chemicals Corporation is a petrochemical company founded in 1954 and acquired 100% by IPIC in 2009. NOVA Chemicals’ businesses and joint ventures focus on olefins/polyolefins (ethylene and polyethylene), chemical and energy co-products, expandable polystyrene, and performance styrenic polymers.
Oasis International Power engages in the development, ownership, operation and maintenance of independent water and power plants, renewable energy and environmental projects. IPIC acquired its 36% stake in OIP in 2009.
IPIC's shareholding in Oasis International Power was increased to 51% in 2013, with GDF Suez increasing their shareholding to 49%.
Oil Search Limited is an oil and gas exploration and development company that has been operating in Papua New Guinea since 1929. It is PNG's largest oil and gas producer and the third-largest exploration company in Australasia. The PNG State has issued five-year exchangeable bonds over its holding to IPIC, which may convert to a 15% stake in the company in March 2014.
OMV Aktiengesellschaft is an integrated, international oil and gas business and Austria’s largest listed industrial company. IPIC holds a 24.9% stake in OMV, which has 29,000 employees and has four integrated business units: exploration and production; refining and marketing; petrochemicals; and gas and power.
Headquartered in Karachi, Pakistan, Pak-Arab Refinery Ltd (PARCO) is a fully integrated energy company whose major activities are oil refining, oil and products pipeline, storage and marketing. PARCO is a joint venture between the Government of Pakistan (60%) and IPIC (40%) and has Pakistan’s largest refinery and 2,000 km of cross-country pipeline network.
The Qatar Abu Dhabi Investment Company (QADIC) is a government-to-government joint venture between IPIC and the Government of Qatar. It is a multi-billion-dollar private equity fund with a global mandate, run out of Doha, and will focus on promising fast-growth sectors.
The Arab Petroleum Pipelines Company, known as SUMED, is a joint venture formed in 1977 between Egyptian General Petroleum, Saudi Arabian Oil Company, three Kuwaiti companies and Qatar Petroleum. Today IPIC holds a 14.8% stake in the company. SUMED owns two parallel 42-inch oil pipelines that run for 320 km across Egypt from the Gulf of Suez to the Mediterranean.