14 May 2007 - 13:45
  • News Code: 104633

Abu Dhabi"s International Petroleum Investment Company is raising its investment in the global oil and gas industry to $10bn according to Mohammed Nasser Al Khaily, Ipic"s MD, and cited by Gulf News.

Ipic is looking at acquisitions both regionally and internationally but Al Khaily would not be drawn on specific details. Al Khaily added that the firm is looking at potential LNG projects and is studying opportunities in China and India.



News Code 104633

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