Refining Indicator Margin Increase
The refining indicator margin averaged $8.1 per barrel, which is higher than both the previous quarter and the same period last year, supported by global supply outages and rising geopolitical tensions.
Polyolefin Sales Volume Growth
Polyolefin sales volumes, including joint ventures, grew by 5% year-on-year, driven by a strong increase in volumes sold by Borealis.
Strategic Progress in Borouge Group International
OMV has secured foreign direct investment approval in Austria and merger control clearance in the EU and China, with the integration planning between ADNOC and OMV well underway.
Investment in Renewable Energy
OMV announced the final decision to invest in a new flagship green hydrogen plant in Austria. The facility will have an annual production capacity of up to 140 megawatts of green hydrogen.
Exploration in the Black Sea
The Neptun Deep mega project is progressing on schedule and within budget, with development drilling and equipment fabrication underway.