Austrian oil and gas group OMV said it expected higher energy prices to more than offset disruptions to production and sales volumes caused by the war in the Middle East, a Reuters report said.
Adnoc and OMV announced the executive leadership team and Supervisory Board of Borouge Group International, a global polyolefins champion to be formed through the combination of their shareholdings in Borouge and Borealis, followed by the acquisition of NOVA Chemicals.
Abu Dhabi National Oil Company and Austrian group OMV Aktiengesellschaft (OMV) have announced strong progress towards the formation of Borouge Group International, including the signing of an asset usage agreement for the Borouge 4 (B4), an integrated polyolefins production complex in Abu Dhabi.
Masdar, Abu Dhabi based global clean energy leader, and OMV, Austria’s integrated energy, fuels and chemicals company, have signed a binding agreement to establish a joint venture (JV) for the financing, construction and operation of the 140 MW green hydrogen electrolyser plant in Bruck an der Leitha, Austria.
