27 Jun 2014
(MENAFN) Gazprom plans to buy a 24.9 percent stake in Austrian oil and gas firm OMV, a source familiar with the talks said, a deal that would deepen already controversial Austro-Russian ties if it comes to fruition, according to Arab News.
Buying the stake would give state-controlled Gazprom a beachhead in the European Union, which has serious issues with its planned gas pipeline through central Europe to Austria and has imposed sanctions over Russia’s annexation of Crimea.
‘Talks were held but they have yet to decide on pricing,” the source said.
Austrian state holding company OIAG, which holds 32 percent of OMV in a shareholder pact with Abu Dhabi’s International Petroleum Investment Co. (IPIC) and coordinates any shareholding changes, said it had seen no sign IPIC wanted to exit.
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
26 Jan 2026
BBK Enhances Autumn Fair 2026 Experience with Customized Rewards and Premium Services
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more