March 03, 2015 6:11 AM ET

Capital Markets

Company Overview of International Petroleum Investment Company PJSC

Company Overview

International Petroleum Investment Company PJSC is a sovereign wealth fund of the Emirate of Abu Dhabi. It specializes in investments in energy and energy related industries across the hydrocarbon value chain, including exploration and production, shipping and pipelines, downstream retail and marketing, petrochemicals, power and utilities, and industrial services. The firm seeks to invest globally. It prefers to make long term investments and seeks an active participation on the Board of Directors and other strategy-making bodies of its portfolio companies. International Petroleum Investment Company PJSC was founded on May 29, 1984 and is based in Abu Dhabi, United Arab Emirates.

IPIC Square

Muroor 4th Road

P.O. Box 7528

Abu Dhabi,  

United Arab Emirates

Founded in 1984

20,078 Employees

Phone:

971 2 633 6555

Fax:

971 2 633 0111

Key Executives for International Petroleum Investment Company PJSC

Managing Director, Chief Executive, and Director
Age: 43
Compensation as of Fiscal Year 2014.

International Petroleum Investment Company PJSC Key Developments

Gazprom In talks To Acquire Stake In OMV

Open Joint Stock Company Gazprom (MICEX:GAZP) is in talks to acquire 24.9% stake in OMV Aktiengesellschaft (WBAG:OMV) from International Petroleum Investment Company PJSC, a source familiar with the talks said. "Talks were held but they have yet to decide on pricing," the source said, confirming comments from an Austrian member of parliament. A spokesman for OMV said the company could not comment. Gazprom and IPIC declined to comment, but a Russian gas industry source dismissed as “rubbish” prospects that a deal would actually come about. Peter Pilz, a veteran MP for the opposition Greens party, said, he had an indications from confidential sources that IPIC and Gazprom had held talks. OIAG spokesman called the talk “a curious conspiracy theory, we have no indications at all that IPIC would like to withdraw from the shareholder syndicate contract. On the contrary, the partnership is professional and constructive.”

Österreichische Industrieholding Denies OMV Stake Sale

Siegfried Wolf, Chairman of Österreichische Industrieholding AG (owner of 31.5% stake in OMV Aktiengesellschaft) said, "Russian gas giant Gazprom is not in talks to acquire a stake in Austrian oil and gas firm OMV". Reuters had reported earlier that Open Joint Stock Company Gazprom (MICEX:GAZP) is in talks to acquire 24.9% stake in OMV Aktiengesellschaft (WBAG:OMV) from International Petroleum Investment Company PJSC.

International Petroleum Investment Company Announces Consolidated Earnings Results for the Year 2013

International Petroleum Investment Company announced consolidated earnings results for the year 2013. For the period, the company reported revenue of AED 194 billion compared to AED 190.6 billion in 2012, which represents an increase of AED 3.4 billion. Profit for year increased to AED 7.9 billion from AED 6.4 billion in 2012, up AED 1.5 billion. Operating profits have grown from AED 1.5 billion to AED 9.2 billion.

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