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OMV and ADNOC Complete Merger of Chemical Divisions, Forming Global Petrochemical Giant

OMV subsidiary Borealis and Abu Dhabi's ADNOC have finalized the merger of their chemical divisions, creating Borouge Group International, which is now the world's fourth-largest petrochemical conglomerate with 60 billion euros in revenue, though the timing is noted as not entirely optimal due to the war in the Gulf.

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