UAE's ADNOC & OMV ink collaboration pact for petrochemical projects

Under ADNOC's 2030 Strategy, crude production capacity is set to increase to 3.5 million bpd by 2018

Premium

ADNOC & OMV officials signing the agreement

BS B2B Bureau Abu Dhabi, UAE

Last Updated : May 29 2017 | 5:18 PM IST

Abu Dhabi National Oil Company (ADNOC) and Austria’s OMV AG have signed an agreement exploring potential opportunities to work together to support ADNOC’s downstream businesses and the company’s smart growth strategy.

The agreement provides for cooperation in a number of areas, including the evaluation of opportunities in downstream projects; the exchange of knowledge and experience in refining operations and refinery-petrochemical integration and optimisation, and downstream technical and maintenance support.

“This agreement provides the opportunity to work with OMV to identify areas for mutual collaboration that will contribute to our plans to maximise the value from our assets and operations. It will provide

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in