Qatari Power Outfit May Throw Lifeline to Malaysia Fund

• Sunday, 22nd November 2015
• by Egypt Oil & Gas

1Malaysia Development Bhd (1MDB) is nearing the sale of its power assets to a consortium including Qatar’s Nebras Power and China General Nuclear Power Holding Corp, sources told Reuters. If the deal goes throug...

IPIC Profits Gyrate Due to Low Oil Prices

• Thursday, 2nd July 2015
• by Egypt Oil & Gas

Abu Dhabi’s state-owned International Petroleum Investment Co (IPIC) reported on Wednesday a 37% drop in net attributable profit for 2014 as low oil prices hurt earnings. IPIC, whose board was revamped this year...

UAE Energy Minister Replaces Khadem al-Qubaisi as IPIC Head

• Sunday, 26th April 2015
• by Egypt Oil & Gas

The United Arab Emirates energy minister has been appointed the new managing director of Abu Dhabi investment fund International Petroleum Investment Company (IPIC) in a reshuffle of the board. Suhail Mohammed al-Mazr...