Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
OMV AG and Abu Dhabi's government-owned oil producer signed a $1.5 billion concession agreement for crude production in waters off the Middle East emirate's coast. Abu Dhabi National Oil Co. granted Vienna-based OMV 40-year rights to pump crude from the Sateh Al Razboot and Umm Lulu fields, it said Sunday in a statement.Abu Dhabi's state-run Mubadala Investment Co. holds 24.9 percent of OMV and owns all of Cepsa.OMV is also considering a minority stake in Adnoc's refining business, people familiar with the talks said.
FOLLOW THIS ARTICLE