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Private company

International Petroleum Investment Company

United Arab Emirates sovereign wealth fund

International Petroleum Investment Company is a United Arab Emirates sovereign wealth fund based in Abu Dhabi, founded in 1984.2 It was founded by Emirate of Abu Dhabi.1 It is part of Mubadala Investment Company.1 It ceased to exist in 2017.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1984Founded1
  • Industrypetroleum industry1
  • HeadquartersAbu Dhabi1
  • Websitewww.ipic.ae

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Corporate structure

International Petroleum Investment Company sits at the top of its group. 44 entities, 18 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • International Petroleum Investment Company Abu Dhabi
    • OMV Stake · 24.9% · Vienna, Austria
      • OMV Gas Marketing & Trading 100% · Vienna, Austria
        • OMV Gas Marketing & Trading Deutschland GmbH Subsidiary · Düsseldorf, Germany
      • OMV Česká republika 100% · Prague, Czechia
      • OMV Petrom 51.01% · Bucharest, Romania
        • OMV PETROM GAS Bucharest, Romania
        • ОМВ БЪЛГАРИЯ Subsidiary · 51.16% · София, Bulgaria
      • Borealis Vienna, Austria
        • Borealis (Finland) Subsidiary · Finland
        • BOREALIS FINANCIAL SERVICES Subsidiary · Mechelen, Belgium
        • Borealis Polymers Subsidiary · Beringen, Belgium
        • BOREALIS UK LTD Subsidiary · Manchester, United Kingdom
        • GPN Subsidiary · France
        • RIALTI SPA Subsidiary · Taino, Italy
      • OMV Gas Marketing & Trading Hungária Kft Vienna, Austria
      • Gas Connect Austria Subsidiary · 51% · Wien, Austria
      • Burghausen refinery Subsidiary · Burghausen, Germany
      • BOROUGE GROUP INTERNATIONAL AG Subsidiary · Schwechat, Austria
      • DIRAMIC INSURANCE LIMITED Subsidiary · Gibraltar, Gibraltar
      • OMV (TUNESIEN) PRODUCTION GMBH Subsidiary · Vienna, Austria
      • OMV (YEMEN BLOCK S 2) EXPLORATION GMBH Subsidiary · Vienna, Austria
      • OMV AUSTRALIA PTY LTD Subsidiary · Perth, Australia
      • OMV AUSTRIA EXPLORATION & PRODUCTION GMBH Subsidiary · Vienna, Austria
      • OMV CLEARING UND TREASURY GMBH Subsidiary · Vienna, Austria
      • OMV DEUTSCHLAND GMBH Subsidiary · Burghausen, Germany
      • OMV DEUTSCHLAND MARKETING & TRADING GMBH & CO. KG Subsidiary · Vienna, Austria
      • OMV DEUTSCHLAND OPERATIONS GMBH & CO. KG Subsidiary · Vienna, Austria
      • OMV DOWNSTREAM GMBH Subsidiary · Vienna, Austria
        • OMV SLOVENIJA, TRGOVINA Z NAFTO IN NAFTNIMI DERIVATI, D.O.O. Subsidiary · Koper, Slovenia
        • OMV SUPPLY & TRADING ITALIA S.R.L. Subsidiary · Vienna, Austria
      • OMV EXPLORATION & PRODUCTION GMBH Subsidiary · Vienna, Austria
        • OMV NORGE AS Subsidiary · Stavanger, Norway
        • UEP BETA GMBH Subsidiary · Vienna, Austria
      • OMV Gas Storage GmbH Subsidiary · Wien, Austria
      • OMV HUNGÁRIA ÁSVÁNYOLAJ KORLÁTOLT FELELÖSSÉGÜ TÁRSASÁG Subsidiary · Budapest, Hungary
      • OMV NEW ZEALAND LIMITED Subsidiary · Vienna, Austria
      • OMV OF LIBYA LIMITED Subsidiary · Douglas, Isle of Man
      • OMV PETROM MARKETING SRL Subsidiary · Bucharest, Romania
      • OMV SLOVENSKO, S.R.O. Subsidiary · Bratislava, Slovakia
      • and 4 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What International Petroleum Investment Company reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Founded by Emirate of Abu Dhabi in 1984.1

Established in 1984, the International Petroleum Investment Company (IPIC) was created to advance Abu Dhabi's natural petroleum wealth for the development of the emirate. Mubadala Development Company followed in 2002 to further diversify the economy. In June 2016, it was announced that Mubadala Development Company would merge with the International Petroleum Investment Company. In 2017, ownership of both MDC and IPIC was transferred to a newly created parent company, Mubadala Investment Company. The company is a wholly owned investment vehicle of the government of Abu Dhabi, and Sheikh Mansour bin Zayed Al Nahyan, vice-president and deputy prime minister of the United Arab Emirates, is chairman of the company.

From Wikipedia’s article on International Petroleum Investment Company, shared under CC BY-SA 4.0.3

Products and brands

Investment platforms

Mubadala operates through four investment platforms of significant scale.

Direct Investments platform

UAE Investments platform

Disruptive Investments platform

Read the full text

Real Estate & Infrastructure Investments platform

Mubadala Technology

The company's Advanced Technology Investment Company (ATIC) in 2008, is an investment company in the high-technology sector. ATIC owns the semiconductor foundry companies GlobalFoundries, and Chartered Semiconductor Manufacturing (which later merged with GlobalFoundries). ATIC has invested in Calxeda, a start-up company for producing ARM architecture–based computers for the server market. In 2011, ATIC announced investments of $5.5 billion to expand chip manufacturing in Singapore, Dresden, and New York. It also announced a $6–$8 billion computer chip factory in Abu Dhabi for completion in 2012. The company supports research initiatives in Khalifa University, UAE University, American University of Sharjah, Masdar Institute and New York University Abu Dhabi. In 2014, ATIC became Mubadala Technology.

From Wikipedia’s article on International Petroleum Investment Company, shared under CC BY-SA 4.0.3

Subsidiaries and ownership

Parent company

  • Mubadala Investment Company

Also owns

From Wikidata.1

Timeline

  1. 2017Dissolved Dissolved1
  2. 1984Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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