Austria's OMV and Abu Dhabi's National Oil Company will create a $60 billion chemicals joint venture after two years of talks.

ADNOC and Austria’s OMV announced that they will merge their shareholdings in Borouge plc and Borealis AG to create Borouge Group International.

The pipeline that fed Austria through Ukraine and Slovakia stopped flowing at the beginning of this year. OMV says it has prepared for this moment for more than two years. It is helped by being a ...

"We're bringing a global chemicals group to Austria," OMV CEO Alfred Stern told Reuters. OMV shares rose as much as 4% before paring gains. The merged entity will also acquire Canada's Nova ...

Ship chartering giants Abu Dhabi National Oil Company (Adnoc) and Austria's OMV are merging their polyolefin operations as ...

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

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 ...

State-owned Abu Dhabi National Oil Company (ADNOC) and Austria's OMV will merge their polyolefin businesses to create a $60 ...

The Abu Dhabi petrochemical company also seeks shareholders’ approval for final 2024 dividends of AED0.794 fils per share ...

OMV AG (Vienna, Austria) and the European Climate, Infrastructure and Environment Executive Agency (CINEA) have signed a grant agreement for OMV’s planned ...

(Reuters) -Abu Dhabi National Oil Company and Austria's OMV will merge their polyolefin businesses to create a chemicals powerhouse with a $60 billion enterprise value, as the Gulf state oil ...