IPIC was established by the late Sheikh Zayed bin Sultan Al Nahyan, founder & first President of the United Arab Emirates in 1984. With a mandate to invest globally in energy and energy related industries. The Government owns 100 percent of IPIC and appoints all the members of its board of directors. The Chairman of IPIC’s board of directors is a member of the ruling family of Abu Dhabi.
Today it manages a portfolio of investments in more than 18 leading companies across the hydrocarbon value chain, including exploration & production, shipping & pipelines, downstream retail & marketing, petrochemicals, power and utilities as well as industrial services.