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Ipic pledges $300m to gas fund
- United Arab Emirates: Tuesday, July 08 - 2008 at 09:31
The Abu Dhabi government-owned International Petroleum Investment Company (Ipic) has committed to invest an initial $300m as cornerstone investor to the Middle East and North Africa Associated Gas and Global Environment Fund. The fund aims to raise $1.5bn for investment in projects to capture associated gas from crude oil production and to use it to generate electricity and other products.
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Jeff Florian, Senior ReporterTuesday, July 08 - 2008 at 09:31 UAE local time (GMT+4)
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