UAE: Adnoc takes Borealis stake

Issue 1146 - 06 May 2022 | 1 minute read

Abu Dhabi National Oil Company (Adnoc) said on 29 April it had bought a 25% stake in petrochemical company Borealis from fellow Abu Dhabi entity Mubadala. Austria’s OMV retains its 75% stake in Borealis (Mubadala also owns 25% of OMV).

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