Austria's OMV CEO on Adnoc Deal, Profitability, Oil Demand

The transcript discusses a partnership between LMV and ADNOC, focusing on integrated cooperation across the value chain. It highlights plans to increase refining capacity by 40% and petrochemical capacity by 10%. The break-even oil price is set at $25 per barrel. The company has committed $4 billion in investments in Abu Dhabi, with strong cash flow supporting these projects. The global demand outlook is uncertain, with concerns about GDP growth in China and Europe. The company is also exploring trading and petrochemical opportunities in Abu Dhabi.

What concerns are raised regarding global demand, particularly in Europe and China?

How does the trade conflict between the US and China affect market stability?

What opportunities are presented in Abu Dhabi for investment in petrochemicals?