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Apicorp eyes asset sales to reinvest in new oil, gas projects
The Saudi Gazette Published in The Saudi Gazette on 21 - 09 - 2010

The Arab Petroleum Investments Corporation (Apicorp) said Sunday that it is in discussions to exit key investments and reinvest the proceeds in new oil and gas projects across the Middle East, North Africa region.
Apicorp is targeting projects in the upstream and midstream sectors of the oil and gas value chain, it said in an emailed statement.
Apicorp is currently in advanced negotiations to divest two of its key equity stakes in oil and gas companies, said Ahmad Bin Hamad Al-Nuaimi, chief executive and general manager of Apicorp.

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