OMV, ADNOC and Nova Chemicals

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, 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 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 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 to create Dhs220+ billion global chemicals powerhouse
ADNOC and Austria’s OMV have announced today that they will merge their shareholdings in Borouge plc and Borealis AG to create Borouge Group International.
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.
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
Gulfbusiness.com on MSN6h
ADNOC, OMV to establish $60bn global polyolefins entity
Borouge Group International will be jointly controlled as an equal partnership between ADNOC and OMV, with OMV injecting EUR1 ...
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 ...
Emirates News Agency on MSN2h
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 Aktiengesellschaft (OMV) regarding their ...
Upstream10h
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 ...
devdiscourse10h
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 ...