OMV, ADNOC and Nova Chemicals

Adnoc and OMV will create a $60 billion chemicals joint venture
Austria's OMV and Abu Dhabi's National Oil Company will create a $60 billion chemicals joint venture after two years of talks.
UAE’s Adnoc and OMV Agree to Form $60 Billion Chemical Giant
The United Arab Emirates and Austria’s leading oil companies agreed on key terms to create a chemicals giant worth more than $60 billion, enhancing their positions in an industry they expect will continue to grow in the energy transition.
Adnoc, OMV to Combine Borouge, Borealis to Form Petrochemicals Giant
Adnoc and OMV will create Borouge Group International through an all-share combination of Borouge and Borealis, the companies said Tuesday. OMV will inject 1.6 billion euros ($1.68 billion) in cash into the business to put its shareholding on par with Adnoc, they said.
ADNOC, OMV to Create Major Polyolefins Player
OMV and ADNOC agreed on the key terms of the potential consolidation of their polyolefin businesses and the subsequent acquisition of NOVA Chemicals under the new JV.
Adnoc and OMV announce deal to combine their petrochemical assets
Abu Dhabi National Oil Company has sealed a long-awaited deal to create a $60bn global plastics company after agreeing to combine its petrochemical assets with those of Austria’s OMV.
OMV, ADNOC to merge polyolefins businesses in $60B joint venture
Austria's OMV ( OTCPK:OMVJF) and Abu Dhabi National Oil Company agreed to merge their polyolefin businesses to create a $60B chemicals joint venture, Reuters reported Monday.
ADNOC and OMV to create $60+ billion global colyolefins champion
Combination of Borouge and Borealis to create Borouge Group International, with new entity to acquire Nova Chemicals for $13.4 billion, establishing the world’s fourth-largest polyolefins player
ADNOC and OMV to create $60bn chemical powerhouse Borouge Group International
Borouge and Borealis combine to form $60bn Borouge Group International with polyolefins capacity of appx 13.6mn tons per annum; New entity to acquire Nova Chemicals for $13.4bn
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Adnoc teams up with European energy player to create $60 billion global giant
Adnoc and OMV have agreed on the terms of a binding framework agreement regarding the proposed combination of shareholdings ...
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ADNOC to create $60bln global chemicals powerhouse: Borouge Group International
Borouge Group International will be jointly owned and controlled by ADNOC and OMV, with headquarters in Vienna and Abu Dhabi ...
ADNOC signs 15-year LNG supply deal with Japan's Osaka Gas
Abu Dhabi National Oil Company said on Thursday it had signed a 15-year sales and purchase agreement to supply Japan's Osaka ...
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ADNOC Signs 15-Year LNG Deal with Osaka Gas
This agreement with Osaka Gas reinforces our long-standing energy partnership with Japan and supports our strategy to expand ...
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ADNOC commissions new unit to extract maximum value from heavy oils, slurry
ADNOC Refining, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced, today, it has successfully completed the commissioning of a specialised coker unit, as part ...
Al Tamimi, Gibson Dunn and A&O Shearman Lead on Middle East Energy Deals
Al Tamimi is advising ADNOC Gas on its $2.84 billion secondary offering, Gibson Dunn is acting as its international counsel, ...
UAE Team Emirates-XRG And ADNOC Launch Community Cycling Program
Abu Dhabi, UAE – Sunday 23 February 2025 – UAE Team Emirates-XRG is proud to announce ADNOC as the presenting partner of its youth academy, which aims to develop grassroots cycling across the Emirate ...