You have accessed this news story:
ADNOC sells 35% of refining unit to Eni & OMV for $5.8B
Italy’s Eni SpA and Austria’s OMV AG agreed on Jan. 28 to buy a combined 35% stake in the refining business of Abu Dhabi National Oil Co. for about $5.8 billion. The deal would value 922,000 bo/d ADNOC Refining at $19.3 billion and generate a companion agreement to form a trading joint venture with the same proportional ownership that will likely begin physical and derivative trading of the refinery’s products as early as next year. Eni was awarded 20% and OMV 15% of ADNOC Refining, the world’s......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.
PLS Web Client?Log in to proceed
|Sign up for PLS Reports
& Web Access!
Already subscribed to Reports?
Sign up for Web Access!