Stowvat Investments Limited: ADNOC seals $5.8 billion refining and trading deal with ENI, OMV

Stowvat Investments Limited

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Sunday, 27 January 2019

ADNOC seals $5.8 billion refining and trading deal with ENI, OMV

27 January 2019, Abu Dhabi/Milan/Vienna — Italy’s Eni and Austria’s OMV have agreed to pay a combined $5.8 billion to take a stake in Abu Dhabi National Oil Company’s, ADNOC, refining business and establish a new trading operation owned by the three partners. The transaction, which expands ADNOC’s access to European markets, furthers Eni’s diversification … More »