IPIC deal with Oman

West_Texas_PumpjackThe International Petroleum Investment Company (IPIC) of Abu Dhabi has signed a deal with Oman Oil in which they have agreed to invest in gas, oil and petrochemical projects. WAM, the official UAE news agency, states that ‘This change of expertise and investment has opened routes for strengthening petrochemical plants and refineries.’

Managing director of IPIC, Mr. Khadem al Qubaisi, and the chief executive officer of Oman Oil Company (OOC) signed the agreement and hoped that this step will not only strengthen the existing situation but will also open new path of joint investment collaboration locally and globally.

The influx of cash from IPIC comes at the right time for Oman, this with the GCC aid package $20 billion will not only assist petro-chemical projects but they will create job opportunities for citizens of Oman.

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The International Petroleum Investment Company (IPIC) of Abu Dhabi has signed a deal with Oman Oil in which they have agreed to invest in gas, oil and petrochemical projects. WAM, the official UAE news agency, states that ‘This change of expertise and investment has opened routes for strengthening petrochemical plants and refineries.’ Managing director of IPIC, Mr. Khadem al Qubaisi, and the chief executive officer of Oman Oil Company (OOC) signed the agreement and hoped that this step will not only strengthen the existing situation but will also open new path of joint investment collaboration locally and globally. The influx...

West_Texas_PumpjackThe International Petroleum Investment Company (IPIC) of Abu Dhabi has signed a deal with Oman Oil in which they have agreed to invest in gas, oil and petrochemical projects. WAM, the official UAE news agency, states that ‘This change of expertise and investment has opened routes for strengthening petrochemical plants and refineries.’

Managing director of IPIC, Mr. Khadem al Qubaisi, and the chief executive officer of Oman Oil Company (OOC) signed the agreement and hoped that this step will not only strengthen the existing situation but will also open new path of joint investment collaboration locally and globally.

The influx of cash from IPIC comes at the right time for Oman, this with the GCC aid package $20 billion will not only assist petro-chemical projects but they will create job opportunities for citizens of Oman.

');

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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