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OMV

OMV, Wintershall sign Abu Dhabi upstream agreement

Austrian energy group OMV has signed its first upstream joint venture in Abu Dhabi, agreeing to drill up to three appraisal wells for sour gas and condensate together with BASF's Wintershall in the Arab Emirate.

June 21, 2012 5:18
 
Network of international brands with GCC stakeholders

Network of international brands with GCC stakeholders

Twists and turns of the global economic landscape has seen Middle Eastern companies gaining more stake in international brands. And we’ve got a feeling it’s the tip of the iceberg.

January 11, 2012 4:49
 
Network of international brands with GCC stakeholders

Network of international brands with GCC stakeholders

Twists and turns of the global economic landscape has seen Middle Eastern companies gaining more stake in international brands. And we’ve got a feeling it’s the tip of the iceberg.

January 11, 2012 4:44
 

Abu Dhabi’s IPIC repays $3.75B debt due 2013

International Petroleum Investment Co. (IPIC) has repaid $3.75 billion in debt ahead of its 2013 maturity as part of its liquidity management strategy, the Abu Dhabi investment vehicle said on Wednesday.

November 23, 2011 10:20
 

S. Korea secures Abu Dhabi Oil in huge deal

Ensures S.Korea's stakeholding in over 1 bln bbls reserves; MOU worth $97.7 bln on oil prices now -presidential office; Also agrees to develop 3 oil areas with 570 mln bbls; S.Korea to store 6 mln bbls of Abu Dhabi crude "for free"; S.Korea oil self-sufficiency rate eventually to be 15 per cent

March 13, 2011 2:50
 

Abu Dhabi’s Borealis seeking chemical acquisitions

IPIC holds a 64 percent stake in Borealis.

November 24, 2010 2:18