OMV, ADNOC and UAE

Adnoc, OMV Reach Deal to Form $60 Billion Petrochemical Giant
Abu Dhabi’s Adnoc and Austria’s OMV reached an agreement to combine their petrochemical businesses and subsequently acquire Canada’s Nova Chemicals to form a giant with a combined value of about $60 billion.
UAE’s Adnoc Targets More Chemicals Growth After Mega OMV Deal
The $60 billion company formed by the merger of Adnoc and OMV AG’s chemical units is targeting a more than 50% boost in profits, and remains open for further deals or building new plants.
UAE’s Adnoc and OMV Agree to Form $60 Billion Chemical Giant
The United Arab Emirates’ and Austria’s top oil companies agreed on 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 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.
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 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.
ADNOC, OMV to merge petrochemical firms to create $60B giant
Top Emirati and Austrian oil companies, Abu Dhabi National Oil Company (ADNOC) and OMV will merge their polyolefin businesses to create a chemicals
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.
OMV and ADNOC Strike Deal to Create New Chemicals Giant
OMV and ADNOC have partnered to combine their polyolefins businesses, creating a $60 billion global leader in the sector, including the acquisition of Nova Chemicals.
Abu Dhabi's Adnoc and OMV agree terms to create $60bn chemicals champion
Abu Dhabi’s state-owned energy company Adnoc has agreed terms of a binding agreement with Austria’s OMV to merge their polyolefins business and create a $60 billion global champion. Under the framework agreement,
Austria, a Longtime Buyer of Russian Gas, Tries to Break the Habit
OMV, a multinational energy company based in Vienna, has shifted to other options, including increasing its own output of ...
GlobalData on MSN11d
OMV begins construction of $782.5m SAF unit at Petrobrazi Refinery in Romania
The new facility will integrate SAF and HVO production with existing fuel production, storage and distribution infrastructure ...
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Borouge updates investors on proposed creation of $60bln global petrochemical champion
Borouge will update the market today on the announcements by Abu Dhabi National Oil Company (ADNOC) and OMV ...
Trade Arabia8h
Borouge and Borealis merger to create $60bn polyolefins leader
UAE's Adnoc and Austria’s OMV have announced merger of their shareholdings in Borouge and Borealis AG to create Borouge Group ...
Upstream13h
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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Financial Times Highlights: Major Global Developments Unveiled
Key stories featured in the Financial Times include the US suspension of military aid to Ukraine, a major petrochemical ...
Romania Insider6d
OMV Petrom prepares to begin drilling at Neptun Deep offshore gas field in Romania's Black Sea
Drilling operations for the Neptun Deep offshore gas project operated by OMV Petrom in Romania's Black Sea, which holds one ...