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FINANCIAL NEWS
OMV to look for sour gas in Abu Dhabi
21 Jun 2012
(MENAFN) Austrian energy group OMV inked an exploration joint venture with German BASF’s Winterfall in Abu Dhabi, Reuters reported.
OMV, along with Winterfall will carry out drilling works in three exploratory wells in the Shuwaihat field, west of Abu Dhabi, looking for sour gas and condensate.
Abu Dhabi National Oil Company (Adnoc) will participate in the development and production phase of the field, OMV said in a statement.
OMV plans to concentrate its exploration and production (E&P) activity on the Caspian region, the Middle East and Africa, where it has already been active for some time.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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