News
02 June 2025

OMV sells Ghasha stake to Lukoil in $594m deal

In:
Oil & gas
Region:
Middle East & Africa, Europe

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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