(EnergyAsia, August 25 2010, Wednesday) — Abu Dhabi’s International Petroleum Investment Company (IPIC) is selling off its 70% stake in a South Korean refinery to Hyundai Heavy Industries for US$2.2 billion. IPIC has thrown in the towel after losing a protracted two-year legal battle with Hyundai for control of refiner Hyundai Oilbank. Hyundai Heavy will…