Rainer Seele
,CEO,OMV
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This is one of those mood music decisions. OMV is already a big, international player with reserves of more than 1bn barrels and daily production in excess of 340,000 bpd but it has its eyes firmly on Middle East expansion and has several billion dollars lined up for the right deals. Abu Dhabi’s Mubadala is a prominent minority shareholder in the firm, the UAE has been specifically targeted in OMV’s future strategy and ADNOC still has some offshore concessions to sell…
