Zenith Energy to acquire OMV Yemen from OMV for $21m.

Zenith Energy, an international independent oil & gas company, agreed to acquire OMV Yemen, an oil producer, from OMV, an Austrian multinational integrated oil, gas and petrochemical company, for $21m. "The acquisition of OMV Yemen represents a very significant milestone for Zenith Energy. The existing production from the asset and, more importantly, the near-term future oil and natural gas production indicated by the size of the reserves, position Zenith on an extremely exciting organic growth trajectory," Andrea Cattaneo, Zenith CEO.