The agreed sale price is pound 157 million whereas in case of a dividend payment to OMV
or capital increase by OMV
the purchase price will be adjusted,' it said adding the transaction is subject to conditions, including the relevant regulatory approvals.
Commenting on the occasion, Saad Sherida Al-Kaabi, President and CEO of Qatar Petroleum, and Chairman of the Qatargas Board of Directors, said: "We are very pleased to announce this new deal with OMV
- an international, integrated oil and gas company operating from the heart of Europe.
This includes the sale of the Haramidere terminal by Petrol Ofisi to OMV
Group in the amount of EUR 28 mn.
will soon start development activities in Band Karkheh oilfield," Alireza Zamani said on Tuesday.
hosted a grand event, which was attended by key regulatory authorities, the oil and gas industry, OMV
Executive Management and employees.
In late March 2006, OMV
made an oil and gas find in its 1,992 sq km Jenein-Sud block in the Ghadames Basin, 700 km south of Tunis.
operates a gas pipeline network in Austria and gas storage facilities in Austria and Germany.
Adnoc and OMV
signed a joint collaboration and secondment agreement to establish a framework for mutual assistance in certain areas.
Wolf told a news conference that OIAG had no knowledge of Gazprom wanting to buy into OMV
The groups are discussing mainly the conditions on which OMV
would take over the remaining shares in Econgas.
is also scaling back on downstream activities such as filling stations and refineries in a difficult European market for gas, which is struggling to compete with heavily subsidised renewable energy sources and cheap coal.
The discovery is in the Murzuq basin, 800 kilometres south of Tripoli, OMV
said on Monday.