21 April 2011 16:29 [Source: ICIS news]
PRAGUE (ICIS)--OMV will go ahead with the acquisition of a minority stake in a joint venture (JV) to build a $4.9bn (€3.4bn) oil refinery/petrochemicals complex in ?xml:namespace>
A statement from OMV regarding the company's level of commitment to the project was put out after Raiffeisen Centrobank said sources at OMV had said that the purchase of a stake was “highly unlikely”.
Last December, the bank said industry experts had become convinced
Last October, OMV said it was exploring the possibility of using its newly acquired Turkish subsidiary, refined oil products marketing company Petrol Ofisi, to make an investment in the Ceyhan JV.
($1 = €0.69)
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