abu dhabi national oil company

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.

Bloomberg L.P. · 5h

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.

MarketWatch · 9h

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.

The Financial Times · 17h

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. The new company,

CNBC on MSN · 11h

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.

Al-Monitor2h

UAE’s ADNOC, Austria’s OMV merge businesses to create $60B plastics firm

Following the acquisition, the new firm, called Borouge Group International (BGI), will be the world’s fourth-largest ...

Hosted on MSN7h

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 ...

Upstream16h

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 ...

12d

Abu Dhabi’s Adnoc Seeks $2.8 Billion in Gas Unit Stake Sale

Abu Dhabi’s state energy company is seeking to raise 10.4 billion dirhams ($2.84 billion) from a secondary offering in its ...

Rigzone10h

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 ...

Reuters11d

Abu Dhabi National Oil Co

February 27, 2025 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 ...

Emirates News Agency on MSN2d

Abu Dhabi Department of Energy hosts Energy and Water Forum

Featuring 6 Specialized Workshops Attended by Representatives from Government and Private Sector Organizations ...

Crude Oil Prices12d

Abu Dhabi's ADNOC to Boost Liquidity of Gas Business

ADNOC has launched a share offering of 4% of its ADNOC Gas business to boost liquidity and the free float of its gas unit.

11d

Dubai eases on profit-taking, Abu Dhabi marginally down

Dubai index fell on Friday, as investors continued to encash on the profits gained in previous sessions, while Abu Dhabi ...

The National on MSN2d

Right place, wrong time: Abu Dhabi’s first oil drilling misfire 75 years ago is now a gas bonanza

One of Abu Dhabi’s newest luxury resorts, The Anantara Santorini hotel, is just 45 minutes from the capital along the E11 ...

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