Three parties say they have reached a deal to form a new centrist Austrian government, five months after an election was won by a far-right party that later failed in an attempt to form an administration.

OMV, a multinational energy company based in Vienna, has shifted to other options, including increasing its own output of natural gas, drilling for oil and experimenting with geothermal energy.

Following the acquisition, the new firm, called Borouge Group International (BGI), will be the world’s fourth-largest polyofin company, said ADNOC and OMV.

Syrian refugee Khaled Alnomman said he made a big effort to integrate since he fled to Austria 10 years ago, learning to speak German fluently, getting a job as a

Austria's new government, led by Christian Stocker, assumes power, introducing the nation's first three-party coalition. The administration faces pressing issues, including unemployment, recession, and budget constraints.

Three centrist parties ended months of political instability in Austria on Thursday by reaching a coalition agreement that prioritizes budget consolidation, lowering housing costs and tightening migration policy.