Now is the right time to take a look at Abu Dhabi’s energy investment | The National:
"The Mubadala-Ipic merger is bigger than two of the biggest recent energy acquisitions: Shell’s US$52 billion purchase of BG and Halliburton’s cancelled $28bn deal for Baker Hughes.
The $127 billion combination of state-owned Mubadala and International Petroleum Investment Company (Ipic), announced last week, may be driven by housekeeping in Abu Dhabi. But it also offers the chance to rethink the emirate’s energy investments.
In strategy, assets and geography, the two entities are quite different beasts. Apart from their partnership in the much-delayed Emirates LNG import terminal in Fujairah, they overlap little."
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