VIENNA: OMV AG and its state-owned partner in Abu Dhabi are set to sign a US$1.5bil oil exploration agreement in what could be the first major step for a joint global expansion in oil production and refining.
Austria’s Chancellor Sebastian Kurz and Abu Dhabi’s Crown Prince Sheik Mohammed bin Zayed were to take part in ceremonies yesterday to ink an agreement that may be followed by joint investments in refineries or Asian markets.
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