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Wed, 20 September 2006
ABU Dhabi government-owned International Petroleum Investment Co (IPIC) has awarded a contract to Tebodin Middle East to conduct a feasibility study for a 350-km long, 48-in diameter, crude oil pipeline linking Habshan with Fujairah. The project entails construction of a pipeline and associated facilities, and follows on from a feasibility study conducted by Nexant.
IPIC was established in 1984, and is mandated to invest in energy projects outside the emirate of Abu Dhabi. It holds substantial stakes in a number of companies including Cespa, OMV, Hyundai Oil, Borealis, Gulf Energy Maritime, Pak Arab, and Arab Oil Pipelines.
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