Attack on the Borouge factory owned by OMV: Production stopped

After an Iranian air object was successfully intercepted by air defense, falling debris caused damage to the facilities, Borouge said on Monday. There were no injuries and the resulting fires were completely brought under control.

Short-term operational disruptions can be managed

According to his own statements, Borouge was able to do one significant part of its production in March via alternative distribution channels. Additional inventory was stored prior to shipping. “Thanks to strong cash flow generation and high liquidity, Borouge has a high level of financial stability to cope with short-term operational disruptions,” the company said in writing on Easter Monday.

On March 31st, the domestic, partial state OMV and the energy group ADNOC from Abu Dhabi completed the merger of their chemical divisions to form the new Borouge International based in Vienna.