OMV sells Ghasha stake to Lukoil in $594m deal
Region:
Europe , Middle East & Africa
OMV is divesting its 5% stake in the Ghasha concession, in the UAE, to Russia's Lukoil Gulf Upstream in a deal worth $594 million, minus a $100 million transaction fee. The Ghasha natural gas concession was once considered a project that could help OMV become less dependent on...
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