OMV is seeking to reposition itself as a “Europe-centric player” and to “actively manage” its portfolio, while Lukoil has been keen to grow internationally.
Austria’s OMV has sold its 5% stake in Abu Dhabi’s giant Ghasha ultrasour offshore gas field development to fellow shareholder Lukoil for almost $600 million, in line with the company’s strategic priority to position itself as a “Europe-centric player.”
OMV is targeting more European gas production after hiking its 2030 oil and gas production target and cutting spending on…
The sale of the assets is conducted under the wind down license from the US OFAC
Lukoil in vendita: è finita sul mercato la controllata estera del colosso russo che, il 22 ottobre scorso, insieme…
Alghaf Marine is said to be making regular Russian diesel shipments to Turkey, using mostly Greek-owned vessels.
The agreement signed is subject to some precedent conditions, including obtaining necessary regulatory approvals, including…
The deal is not exclusive as Lukoil continues negotiations with other potential buyers
