PETRO PLANS

Borouge sets leadership vision as chemical firm awaits merger nod

BGI plans to distribute a $2.2 billion annual dividend for at least four years after the deal’s closing, which is expected to take place in 2026

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Borouge Chairman Dr. Sultan Al Jaber at COP29 conference last year in Baku, Azerbaijan

Borouge Group International, the $60 billion Emirati-Austrian chemical giant created last month, is cooking up plans to lead the industry as it awaits EU regulatory approval.

“As we embark on a new era of transformative growth, [BGI]...