The Abu Dhabi National Oil Company (ADNOC) has announced that discussions are underway with OMV AG to create a new global polyolefins group by combining its existing stakes in Borouge plc and Borealis AG.

The Abu Dhabi National Oil Company (ADNOC) announced today that the onshore Shah oilfield has achieved a significantly lower carbon footprint of 0.1 kilograms of carbon dioxide equivalent per barrel of oil equivalent (kgCO2e/boe), a benchmark among global oilfields.