Austria’s OMV introduced on 30 Could that it has exited its place in a excessive profile fuel improvement in Abu Dhabi. “OMV signed and closed an settlement to divest its 5% stake within the Ghasha concession, positioned within the United Arab Emirates, to Lukoil Gulf Upstream L.L.C.,” the agency says, including that “The general money consideration quantities to $594mn much less $100mn transaction price.”
The transaction implies that Russia’s Lukoil has now doubled its holdings in Ghasha to 10%, the place it really works alongside Adnoc (70%), Eni (10%), and PTTEP (10%). (CONTINUED – 235 WORDS)
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