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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Abu Dhabi favours low equity in oil investments

Posted on 29 September 2008

From Business24-7.ae: Abu Dhabi said yesterday it remains committed to long-term projects in its overseas oil investments but would favour low equity in the targeted ventures. The International Petroleum Investment Company (Ipic), the government’s downstream investment arm, said it avoids getting involved in direct management of the companies it invests in as it is pushing ahead with a major drive to expand its assets in the UAE and other countries… Full article: Source


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