OMV and the Abu Dhabi National Oil Company have signed a Memorandum of Understanding to explore new partnership in deliveries for LNG. With this MoU OMV and ADNOC intend to explore a partnership in LNG supply to support energy supply security of Austria with the aim of arranging the purchase of one LNG cargo for the winter season 2023/2024. OMV and ADNOC already work together across the value chain in many areas. In Exploration & Production OMV acquired a 20% interest in the offshore concession for the two SARB and Umm Lulu oil fields in April 2018, followed by the acquisition of a 5% stake in the Ghasha sour gas and condensate field concession with a term of 40 years in December 2018. In Refining & Marketing OMV acquired in 2019 a 15% interest in ADNOC Global Trading and ADNOC Refining, which owns the world's fourth largest refinery. In Chemicals & Materials OMV, through its subsidiary Borealis, is a shareholder in Borouge, which is operating one of the world’s largest integrated polyolefin complexes in Al Ruways.
OMV and the Abu Dhabi National Oil Company have signed a Memorandum of Understanding to explore new partnership in deliveries for LNG. With this MoU OMV and ADNOC intend to explore a partnership in LNG supply to support energy supply security of Austria with the aim of arranging the purchase of one LNG cargo for the winter season 2023/2024. OMV and ADNOC already work together across the value chain in many areas. In Exploration & Production OMV acquired a 20% interest in the offshore concession for the two SARB and Umm Lulu oil fields in April 2018, followed by the acquisition of a 5% stake in the Ghasha sour gas and condensate field concession with a term of 40 years in December 2018. In Refining & Marketing OMV acquired in 2019 a 15% interest in ADNOC Global Trading and ADNOC Refining, which owns the world's fourth largest refinery. In Chemicals & Materials OMV, through its subsidiary Borealis, is a shareholder in Borouge, which is operating one of the world’s largest integrated polyolefin complexes in Al Ruways.
