OMV Sells Stake in Ghasha-Gasfeld by Half Billion Euros

The domestic industrial group divests its concession share in the offshore fields in Abu Dhabi to the Russian Lukoil.

The Austrian energy group OMV AG announced Friday that it had sold its 5% share of the Ghasha concession, extended to the United Arab Emirates, to the Russian oil group Lukoil. Thus, the company came out...

It is about a five-percent concession share in offshore fields off Abu Dhabi. Sold to the Russian mineral oil company Lukoil

The sub-state oil and gas group OMV has sold its 5% concession share in the Ghasha offshore fields off the coast of Abu Dhabi (United Arab Emirates, UAE) for 594 million US dollars (526.55 million euros) to the Russian mineral oil group Lukoil. This was announced by the listed group in a release on Friday. However, a transaction fee of 100 [...]

The Austrian mineral oil group separates itself from its share of the Ghasha gas field in the Persian Gulf.