Abu Dhabi is showing a renewed appetite for European oil refining assets as international companies seeks to shed them.
The International Petroleum Investment Company (Ipic), owned by the Abu Dhabi Government, yesterday said it would offer about €4 billion (Dh19.9bn) to acquire the 53 per cent of the Spanish refiner Compania Espanola de Petroleos (Cepsa) that it did not already own.
Source: THe national
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