Abu Dhabi oil giant ADNOC, Austrian OMV create $60B chemicals giant

The News Abu Dhabi National Oil Co. (ADNOC) and Austrian energy and chemicals producer OMV are merging some petrochemicals and plastics units to form Borouge Group, a company valued at more than $60 billion. Borouge will be headquartered in Austria, with a regional base in the UAE and offices in…
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