Adnoc to transfer OMV shares to its international investment arm
- 2025-07-16
- 18:46:08
Breaking News
Abu Dhabi National Oil Company (Adnoc) is set to transfer its 24.9% shareholding in Austrian energy player OMV to XRG, Adnoc's wholly owned international investment company.
The transfer is subject to regulatory approvals and is “aligned with Adnoc’s strategy to consolidate its international growth investments under XRG,” Adnoc said in a statement on Wednesday.
The Middle East giant said the company "remains committed to its longstanding partnership with OMV through XRG and reaffirms its support for the company’s continued growth and success."
The Gulf Cooperation Council’s (GCC) Joint Defense Council convened an extraordinary session in Doha on Thursday, where it condemned the Isra…
Dubai - The United Arab Emirates could downgrade diplomatic ties with Israel if Prime Minister Benjamin Netanyahu's government annexes part or all…
Dubai - The United Arab Emirates welcomed the announcement by the Syrian government on reaching a roadmap to resolve the crisis in Suwayda governor…
