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<blockquote data-quote="tanoarg" data-source="post: 991122" data-attributes="member: 569"><p>IPC...</p><p>IPC itself has ceased to exist in all but name on paper. An associated company, Abu Dhabi Petroleum Company (ADPC) - formerly Petroleum Development (Trucial Coast) Ltd - is today the only survivor of the IPC group of associated companies. ADPC still holds 40% of the onshore concession in Abu Dhabi, the majority 60% being held by the Abu Dhabi National Oil Company (ADNOC) on behalf of the Abu Dhabi Government. Operations are carried out by the local operating company, ADCO (The Abu Dhabi Company for Onshore Oil Operations) which is jointly owned by ADNOC and the ADPC shareholders, BP, Royal Dutch Shell, ExxonMobil, Total S.A. and Partex, reflecting the historical make-up of the Iraq Petroleum Company. The current Abu Dhabi onshore oil concession is due to expire in January, 2014.</p><p>[edit]</p></blockquote><p></p>
[QUOTE="tanoarg, post: 991122, member: 569"] IPC... IPC itself has ceased to exist in all but name on paper. An associated company, Abu Dhabi Petroleum Company (ADPC) - formerly Petroleum Development (Trucial Coast) Ltd - is today the only survivor of the IPC group of associated companies. ADPC still holds 40% of the onshore concession in Abu Dhabi, the majority 60% being held by the Abu Dhabi National Oil Company (ADNOC) on behalf of the Abu Dhabi Government. Operations are carried out by the local operating company, ADCO (The Abu Dhabi Company for Onshore Oil Operations) which is jointly owned by ADNOC and the ADPC shareholders, BP, Royal Dutch Shell, ExxonMobil, Total S.A. and Partex, reflecting the historical make-up of the Iraq Petroleum Company. The current Abu Dhabi onshore oil concession is due to expire in January, 2014. [edit] [/QUOTE]
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