Insight
ADNOC Refining welcomes Eni and OMV
Report summary
ADNOC has sold a 35% stake in its refining business to Eni and OMV in a deal valued at US$5.8 billion. Eni acquired a larger stake, 20%, for US$3.3 billion, whilst OMV took 15%, valued at US$2.5 billion. ADNOC will retain 65%. The deal likely commits Eni and OMV to contribute capex for Ruwais' future development. It's clear, from the size of the investment, that both companies see a platform for material growth at the site, and in strategic partnership with ADNOC.
Table of contents
- Evolution of the integrated platform
- What's next?
Tables and charts
This report includes 2 images and tables including:
- Middle East EBITDA-by-asset, top 20 sites
- Refinery capacity vs. production, pre- and post-deal
What's included
This report contains:
Other reports you may be interested in
Insight
Corporate CCUS benchmarking 2024
Which oil and gas companies are embracing CCUS as part of their energy transition strategy?
$1,350
Commodity Market Report
Germany retail fuels long-term outlook
A declining outlook and low retail fuel margins will force fuel retailers to continue to diversify beyond liquid fuels.
$6,750
Asset Report
Huayou Tongxiang Cobalt Refinery
A detailed analysis of the Huayou Tongxiang cobalt chemical refinery.
$2,250
