OMV

  • ADNOC Launches AGT for Trading Refined Products

    ADNOC Launches AGT for Trading Refined Products

    Thursday, 10th December 2020

    The Abu Dhabi National Oil Company (ADNOC) announced the official launch of its second trading arm ADNOC Global Trading (AGT), a joint venture (JV) between ADNOC, Eni and OMV, with shares of 65%, 20% and 15% respectively, which focuses on trading refined products globally.

  • ENI, ADNOC Refining Set Up New Trading JV

    ENI, ADNOC Refining Set Up New Trading JV

    Sunday, 4th August 2019

    Eni announced that it has acquired a 20% equity interest in ADNOC Refining, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), as part of a $3.24 billion strategic partnership agreement.

  • UAE, Indonesia Agree Deals Worth $9.7 B

    UAE, Indonesia Agree Deals Worth $9.7 B

    Thursday, 25th July 2019

    Emirati and Indonesian companies signed agreements worth a total of $9.7 billion during a state visit by the Abu Dhabi Crown Prince Mohammed bin Zayed to Indonesia.

  • ADNOC Inks MoUs with OMV

    ADNOC Inks MoUs with OMV

    Sunday, 24th March 2019

    ADNOC inked two memoranda of understanding (MoUs) with OMV to cooperate in developing the downstream sector.

  • ADNOC Inks Refining and Trading Agreement with Eni, OMV

    ADNOC Inks Refining and Trading Agreement with Eni, OMV

    Monday, 28th January 2019

    ADNOC inked on January 27 two new agreements with Eni and OMV for refining and new trading JV which will be jointly established by the three companies.

  • OMV Begins Offshore UAE Oil Production

    OMV Begins Offshore UAE Oil Production

    Sunday, 30th September 2018

    Austrian OMV has started oil production from the SARB and Umm Lulu fields off the coast of Abu Dhabi, and expects to produce 25,800 barrels per day (b/d) before the end of 2018.

  • ADNOC to Sell Minority Stake in Refining Business

    ADNOC to Sell Minority Stake in Refining Business

    Sunday, 26th August 2018

    Abu Dhabi National Oil Company (ADNOC) is reportedly looking to sell a minority stake in its refining business, and is in advanced negotiations with multiple potential buyers including Italy’s Eni.

  • ADNOC, Austrian OMV Close $1.5B Offshore Deal

    ADNOC, Austrian OMV Close $1.5B Offshore Deal

    Monday, 30th April 2018

    Abu Dhabi National Oil Company (ADNOC) has agreed the sale of two stakes in offshore blocks worth $1.5 billion to Austrian OMV.

  • South Yemen Oil Production May Resume in April

    South Yemen Oil Production May Resume in April

    Wednesday, 21st March 2018

    Austrian oil company OMV has signaled that oil production could resume in south Yemen in April 2018.

  • Qatargas, OMV Sign LNG Agreement

    Qatargas, OMV Sign LNG Agreement

    Wednesday, 20th December 2017

    Qatargas signed a contract to deliver 1.1 million tons of liquefied natural gas (LNG) to OMV annually for five year.