A bu Dhabi National Oil Company (ADNOC) has announced its plan to transfer a 24.9% shareholding in Austrian oil and gas ...

Arcius Energy is majority-owned by bp, with a 51% stake, while XRG holds the remaining 49%. Naser Saif Al Yafei, an ADNOC veteran, has been appointed as CEO of Arcius Energy.

Abu Dhabi National Oil Company said on Wednesday it plans to transfer its 24.9% shareholding in Austria's OMV AG to its XRG ...

The move to transfer its 24.9% stake in OMV to XRG comes as Adnoc is working with the Austrian energy company to complete the ...

This transfer, which is subject to regulatory approvals, is aligned with ADNOC's strategy to consolidate its international ...

DubaiADNOC will shift its 24.9 per cent holding in Austrian oil‐and‐gas group OMV AG into XRG P. J. S. C, the UAE sta ...

ADNOC rebuffs talk that Australia’s LNG customers have concerns about the proposed takeover, saying it has “strong ties” in ...

The transfer is subject to regulatory approvals and is aligned with Adnoc’s strategy to consolidate its international growth ...

While independent, its strategies are still shaped by ADNOC. XRG’s Global Chemicals division aims to become a top-5 global chemical player, driven by expectations that demand for chemicals will ...

XRG, which ADNOC said is valued at more than $80 billion, will focus on overseas investments in low-carbon energy, including gas, chemicals and renewables.

Adnoc’s proposed 46.94 per cent shareholding in the new entity is expected to be held by XRG upon completion of the ...

ADNOC will transfer its 24.9% stake in Austrian oil and gas group OMV AG (OMV) to its $80 billion lower-carbon energy and ...