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IPIC has a $659 million facility maturing in June and $2 billion denominated debt maturing in September.
May 27th, 2013 - 12:48 GMT

Abu Dhabi to replay $4bn debt, as crude prices take a dive

Abu Dhabi’s International Petroleum Investment Co (IPIC) expects to receive $4 billion in cash for a crude pipeline it built in the Gulf state, enabling it to repay some upcoming debt maturities, as US crude oil futures fell below $94 per barrel on Monday on growing concerns over economic slow down in China
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