Austrian firm inks deal for Abu Dhabi oil exploration

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Austrian oil and gas group OMV and the Abu Dhabi National Oil Co have signed a joint exploration deal for the onshore region in East Abu Dhabi, OMV said on Monday.

"With this step OMV is on the way to foster its upstream position in the Middle East," OMV Chief Executive Gerhard Roiss said in a statement announcing the four-year agreement.

Related:
Topics
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Dubai's smart palm tree technology revealed

Dubai's smart palm tree technology revealed

Smart Palms harness the sun's energy to allow people to look...

Decision time looms for Saudi on nuclear power?

Decision time looms for Saudi on nuclear power?

As other countries push ahead with their plans for conventional...

1
With crude at $50, oil firms fear deeper crisis than in 1980s

With crude at $50, oil firms fear deeper crisis than in 1980s

After slashing spending by $180 billion to deal with one of the...

Most Discussed