PJSC LUKOIL (MISX:LKOH) acquired an additional 5% stake in Ghasha gas concession from OMV Aktiengesellschaft (WBAG:OMV) for approximately $490 million on May 30, 2025. The total cash consideration is $594 million, net of a transaction fee of $100 million.
PJSC LUKOIL (MISX:LKOH) completed the acquisition of an additional 5% stake in Ghasha gas concession from OMV Aktiengesellschaft (WBAG:OMV) on May 30, 2025.
OMV AG is the leading oil and gas group in central Europe. Net sales break down by activity as follows:
- refining and distribution of hydrocarbons (48.7%). At the end of 2024, the group had 3 refineries located in Austria, Germany and Romania, and 1,702 filling stations in Europe;
- exploration and production of oil and gas (26.4%): 340,000 barrels of crude oil and Liquefied Natural Gas (LNG) produced per day in 2024;
- manufacturing of chemical products (24.8%): advanced polyolefins, base chemicals, fertilizers and plastics;
- autres (0.1%).
Net sales are distributed geographically as follows: Austria (21.1%), Romania (17.7%), Germany (15.8%), Norway (2.5%), Belgium (2.1%), Europe (29%), the United Arab Emirates (4.4%), New Zealand (0.9%), and other (6.5%).
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