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VIENNA, March 24 (Reuters) – The OMV Energy Group and the National Oil Company of Abu Dhabi (ADNOC) have agreed to cooperate in the petrochemical sector and explore opportunities to take advantage of the petrochemical industry. 39 OMV expertise in recycling, announced the Austrian group.
OMV is focusing its refinery division on aviation fuel and petrochemicals, focusing on an ever-growing appetite for air transport and plastic products.
He agreed to pay $ 2.5 billion for a 15% stake in the ADNOC refining business and a new joint venture with ADNOC and Italy's Eni in January.
OMV and ADNOC have signed two memoranda of understanding to evaluate future projects and set up a joint working group, he added.
"This agreement underscores our commitment to the strategic partnership with ADNOC and our willingness to bring valuable expertise to this cooperation," said General Manager Rainer Seele in a statement. (Report by Kirsti Knolle, edited by Alison Williams)
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