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International Petroleum Investment Company

International Petroleum Investment Company (IPIC)

شركة الاستثمارات البترولية الدولية
Government-owned
Founded 1984
Founder Government of Abu Dhabi
Headquarters Abu Dhabi, UAE
Key people
  • Sheikh Mansour Bin Zayed Al Nahyan - Chairman
  • Mohamed Bin Dhaen AlHamli - Deputy Chairman
  • Suhail Mohamed Faraj Al Mazrouei – Member and Managing Director
  • Khalifa Mohamed Al Kindi - Member
  • Hamad Al Hurr Al Suwaidi - Member
  • Nasser Ahmed Khalifa Alsowaidi - Member
  • Eissa Mohamed Ghanem Al Suwaidi - Member
Website www.ipic.ae

The International Petroleum Investment Company (IPIC) was established by the Government of Abu Dhabi pursuant to an Emiri Decree in 1984 with a mandate to invest globally in energy and energy related industries. The Government owns 100 percent of IPIC and appoints all the members of its board of directors. Over its history, IPIC has been supported by equity contributions from the Government of Abu Dhabi.

The Chairman of IPIC's board of directors is Sheikh Mansour bin Zayed al Nahyan, a member of the ruling family of Abu Dhabi, the Deputy Prime Minister of the United Arab Emirates (UAE) and the UAE Minister of Presidential Affairs. The Managing Director of IPIC is Suhail al Mazrouei.

IPIC is a long term strategic investor and it holds more than 18 investments in over 10 countries and on five different continents. Its investment portfolio includes:

In addition, IPIC is undertaking the following strategic projects:

Principal events during IPIC's history include:

IPIC is governed by an eight-member board of directors which is chaired by Sheikh Mansour Bin Zayed Al Nahyan, a member of the ruling family of Abu Dhabi, the Deputy Prime Minister of the UAE and the UAE Minister of Presidential Affairs. Other members of IPIC's board of directors include senior officials of the Government of Abu Dhabi and the Government of the UAE and board members of other significant Government controlled companies and institutions. As of 1 May 2013 the composition of IPIC’s board of directors was:


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