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Sultan Al Jaber advances strategic energy partnership with Austria
Gulf Today
|May 02, 2025
The proposed establishment of Borouge Group International marks an important milestone in Adnoc’s strategy to becoming a top five global chemicals player.
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Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Adnoc Managing Director and Group CEO, visited the headquarters of OMV in Vienna, Austria, to advance the strategic partnership between both companies.
The visit builds on ongoing progress toward establishing Borouge Group International, following the landmark agreement between Adnoc and OMV in March 2025 to combine Borouge and Borealis to create Borouge Group International, with the new entity to acquire Nova Chemicals, establishing the world’s fourth-largest polyolefins player.
The transformative transactions marked a pivotal milestone in Adnoc’s global chemicals strategy as it delivers on its international growth mandate and expands its global petrochemicals business.
This story is from the May 02, 2025 edition of Gulf Today.
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