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

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 company advances an ...

Abu Dhabi’s Adnoc and Austria’s OMV reached an agreement to combine their petrochemical businesses and subsequently acquire ...

March 13 (SeeNews) - OMV Offshore Bulgaria, part of Romanian oil and gas group OMV Petrom [ BSE:SNP] and NewMed Energy Balkan ...

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.

The two companies are merging some petrochemicals and plastics units to form Borouge Group, which will also acquire Canada's ...

Berenberg upgraded OMV AG (OMVKY) to Buy from Hold with a price target of EUR 56, up from EUR 43. The company’s dividend could surprise ...

Adnoc and OMV have plans to combine Borouge and Borealis to establish a new firm, Borouge Group International. The newly ...

OMV and ADNOC agreed on the key terms of the potential consolidation of their polyolefin businesses and the subsequent ...

Austria has a long-established oil and gas industry, mostly run by OMV. Some 1,000 wells range over about 1,500 square miles of mostly flat land an easy drive from Vienna.

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