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Real Estate News Alert is a roundup of the most recent news that gets updated daily to keep you always up to date on the world's most attractive projects in the real estate market from the UAE (Dubai, Abu Dhabi, Umm Al-Quwain, Ajman, Ras Al-Khaimah, Sharjah and Fujairah) and sometimes from the GCC or other countries and from various news sources.


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Tuesday, November 25, 2008

Abu Dhabi's International Petroleum Investment Company Purchased 17.6 Percent Stake in Oil Search Ltd.

Abu Dhabi takes A$1.68 bln stake in Oil Search
Reuters - USA
Abu Dhabi's International Petroleum Investment Company (IPIC) has purchased a 17.6 percent stake, worth A$1.68 billion ($1.07 billion) in Oil Search Ltd (OSH.AX), the company said on Tuesday.
IPIC and the Papua New Guinea government, through its nominee, Independent Public Business Corporation (IPBC) have signed the agreement with Oil Search Ltd, an IPIC statement said. ...

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