Abu Dhabi National Oil Co., or Adnoc, unit XRG is maintaining a positive outlook on Europe's economic long-term prospects as other investors remain critical of the region's future.
Bloomberg News on Wednesday cited the Emirati energy investment company's president of global chemicals, Rainer Seele, as saying that XRG remains open to new deals and is "not ruling out additional investments in Europe."
Austrian oil and gas company OMV (OMV.VI) denied breaking new fuel price reduction rules in Austria, Reuters reported Tuesday.Under the government's measures, petrol and diesel prices were to be cut by 0.05 euro per liter through a tax reduction. Partially state-owned OMV announced a reduction of 0.028 euro per liter for diesel, the report said.OMV told Reuters it is complying with the rules, noting that its calculation differs when accounting for fuel imported into Austria rather than refined locally.