Abu Dhabi - Investment In Spain.IPIC's move into Spain Spain, Span. España (āspä`nyä), officially Kingdom of Spain, constitutional monarchy (2005 est. pop. 40,341,000), 194,884 sq mi (504,750 sq km), including the Balearic and Canary islands, SW Europe. came in February 1988, when it signed an agreement with Compania Espanola de Petroleos (Cepsa) acquiring 10% equity in the company for $124m. IPIC's equity in Cepsa has since risen to 15%. IPIC IPIC Intellectual Property Institute of Canada IPIC Indianapolis Private Industry Council IPIC International Petroleum Investment Co (Abu Dhabi) IPIC Inventory Price Index Computation IPIC Information Processing Interagency Conference has two seats on Cepsa's board. Under the deal, ADNOC ADNOC Abu Dhabi National Oil Company provided Cepsa with 60,000 b/d of crude oil for its three refineries but supplies stopped in 1992. The Cepsa refineries are located at Algeciras (180,000 b/d), Tenerife (90,000 b/d) and Huelva (90,000 b/d). Cepsa is a major producer of petrochemicals. ADNOC wants its new Thamama condensates to be used as feedstocks by the company's plants, with trial shipments made in 1997. Cepsa's upstream From the consumer to the provider. See downstream. (networking) upstream - Fewer network hops away from a backbone or hub. For example, a small ISP that connects to the Internet through a larger ISP that has their own connection to the backbone is downstream from the larger division has important E&P blocks in Algeria and other countries, and some of them have begun producing oil and gas. Its oil production in Algeria is expected to increase gradually. Cepsa also hopes to have an E&P concession for oil in Abu Dhabi Abu Dhabi (ä`b  thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. , where upstream
operators enjoy the best incentives in the Middle East.
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