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The two companies recently completed transactions to form Borouge International through the combination of Borouge and Borealis, alongside the acquisition of NOVA Chemicals. The deal creates a new global polyolefins producer, expanding the UAE’s reach in the chemicals sector.
Austria remains one of ADNOC’s key European partners through its long-standing ties with OMV. According to the statement, ADNOC has invested $9 billion (Dh33 billion) in Austria’s energy, fuels and chemicals industries over the past 25 years.
The investments have…