Sponsored Content
OMV-ADNOC Deal
OMV Changes Capital Market Strategy, Scales Back Investment Plans Until 2030
The partially state-owned energy company OMV is significantly adjusting its 2030 strategy and massively scaling back its planned investments. In order to increase its financial resilience in the face of ongoing economic and geopolitical volatility, the group is reducing its cumulative organic investment plans for the period from 2026 to 2030 by a total of five billion euros.
October 7, 2025
Russian Diplomat Expelled Following OMV Espionage Case
Just a few days after a suspected espionage case at the Austrian oil, gas, and chemical company OMV came to light, Austria has declared a Russian diplomat “persona non grata.” The high-ranking employee of the Russian Embassy in Vienna has already left the country.
September 30, 2025
OMV in Espionage Scandal: CEO Alfred Stern Reassures, Adnoc Relationship to Remain Uncompromised
A suspected espionage case at Austria's largest energy company, OMV, has caused a stir in recent days. While the authorities are investigating a long-standing employee suspected of having supplied sensitive data to the Russian secret service, OMV CEO Alfred Stern is trying to smooth the waters. Stern emphasizes that the incident will not strain the long-standing partnership with major shareholder Adnoc from Abu Dhabi.
September 22, 2025
Alfred Stern Leaves OMV in Summer 2026: End of an Era of Change
Alfred Stern, CEO and Chairman of the Executive Board of OMV, will not extend his contract beyond August 31, 2026. The 60-year-old top manager announced this decision to the Chairman of the Supervisory Board, Lutz Feldmann. This marks the end of a term of office characterized by far-reaching strategic upheavals, geopolitical challenges, and ambitious sustainability goals.
May 20, 2025
René Benko Business Scandal: Abu Dhabi's Ruling Family Demands Millions Back
The ruling family of Abu Dhabi, led by Crown Prince Mohamed bin Zayed al Nahyan, is demanding the return of 250 million euros from René Benko via the International Court of Arbitration (ICC) in Paris.
May 14, 2024
OMV's Borealis to Merge with Borouge in a 30 Billion Euro Deal
OMV's subsidiary Borealis is set to merge with the Abu Dhabi-based petrochemical company Borouge, creating a new global heavyweight in the chemical and plastic sector with an estimated value of 30 billion euros. This significant move marks a transformative step in the ongoing value creation and chemical growth strategy of both companies.
December 14, 2023
OMV's Polyolefins Business Cooperation: Concerns Raised as Greens Question Borealis' Future
Austrian energy company OMV has decided to pursue negotiations with ADNOC, the state-owned oil company of the United Arab Emirates, on potential cooperation of their polyolefins business. This reinforces certain concerns of the critical voices on the OMV-ADNOC deal.
July 16, 2023
Fast News Search
