The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank owned by the ten member states of the Organization of Arab Petroleum Exporting Countries (OAPEC), today said that in line with its five-year plan objective of diversifying its investment portfolio, it is in mature discussions to exit key investments and reinvest the proceeds in new oil and gas projects across the MENA region. The UAE government owns a 17 % stake in APICORP.
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