International Petroleum Investment Company - IPIC

AAA

DEFINITION of 'International Petroleum Investment Company - IPIC'

The International Petroleum Investment Company (IPIC) is a government-owned investment organization that manages the sovereign wealth fund for Abu Dhabi, United Arab Emirates. The purpose of the IPIC is to invest internationally within the hydrocarbons industries. According to the IPIC's website, the investment portfolio had approximately $14 billion in assets under management as of 2009.

INVESTOPEDIA EXPLAINS 'International Petroleum Investment Company - IPIC'

The IPIC invests solely through acquiring major ownership positions in firms. One of its first investments was in 1988 when it acquired a large minority stake in CEPSA, the Spanish refiner. The IPIC is also governed by an eight-member board of directors and is wholly owned by the Government of Abu Dhabi.

RELATED TERMS
  1. Sovereign Credit Rating

    The credit rating of a country or sovereign entity. Sovereign ...
  2. Central Bank

    The entity responsible for overseeing the monetary system for ...
  3. Reserve Currency

    A foreign currency held by central banks and other major financial ...
  4. Sovereign Wealth Fund - SWF

    Pools of money derived from a country's reserves, which are set ...
  5. Monetary Policy

    The actions of a central bank, currency board or other regulatory ...
  6. Smart Beta

    Investment strategies that emphasize the use of alternative weighting ...
RELATED FAQS
  1. No results found.
Related Articles
  1. Investing Basics

    Sovereign Wealth Funds - Friend Or Foe?

    With $5.86 trillion in assets as of September 2013, SWFs have a great deal of clout in financial markets. But as the majority of SWFs are located in the Middle East and Asia, whether these largely ...
  2. Fundamental Analysis

    Institutional Investors And Fundamentals: What's The Link?

    Big-money sponsorship might make a company look good, but it's not always a reliable gauge of stock quality.
  3. Mutual Funds & ETFs

    An Introduction To Sovereign Wealth Funds

    Countries use sovereign wealth funds to stabilize their economies, but these investments can lack transparency.
  4. Options & Futures

    Keeping An Eye On The Activities Of Insiders And Institutions

    These transactions reveal much about a stock. We go over what to consider and where to find it.
  5. Mutual Funds & ETFs

    The Pros And Cons Of Institutional Ownership

    These big players can both create and destroy value for shareholders.
  6. Stock Analysis

    Does It Still Make Sense To Buy IPG Shares?

    Let's look at IPG's earnings, after their Q4 report, and whether the long-term investing thesis is compelling enough to warrant buying shares today.
  7. Stock Analysis

    What’s The Best Airline Stock In the Industry?

    With many airlines forced to seek bankruptcy protection, Southwest Airlines stands out as having consistently remained profitable throughout its history.
  8. Stock Analysis

    Why Is Enterprise Products Partners So Excited?

    Enterprise Products Partners has historically gone on the offensive to acquire weaker rivals in a tough spot when the commodity market turns down.
  9. Stock Analysis

    Can Modi Mania Continue?

    Investors are still swooning over India’s new prime minister, Narendra Modi, whose pro-business platform inspired a record voter turnout of 66 percent in May.
  10. Stock Analysis

    Is It Time To Start Buying Seadrill?

    West Texas Intermediate oil prices have collapsed from nearly $110 to less than $44 recently, crushing producers, contract drillers, and oil service stocks

You May Also Like

Hot Definitions
  1. Sunk Cost

    A cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business ...
  2. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, engineering, scientific or computer-related duties, as ...
  3. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
  4. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
  5. Cost Accounting

    A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step ...
  6. Law Of Supply

    A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity ...
Trading Center