An international oil and gas company
This large network of pipelines is also providing OMV with the largest natural gas trading hug in Central Europe.
Downstream, OMV is refining crude oil and distributing gasoline through a network of 4,500 retailers covering 13 countries.
In 2011, OMV processed 22.5 million tonnes of crude oil in its refineries.
On the petrochemical side OMV has no direct activities but is deeply engaged through capitalistic links.
The International Petroleum Investment Company (IPIC), the sovereign found of Abu Dhabi holds 24.9% stakes in OMV, being the reference shareholder.
Through this equity connection, IPIC and OMV are the co-owners of the chemical company Borealis which established the Abu Dhabi polymers company called Borouge, the largest petrochemical complex in UAE.
OMV Key Figures
– 2010 Revenues: $30,3 billion
-2009 Revenues: $23,2 billion
– 2011 Earnings: $1.5 billion
– 2010 Earnings: $1,2 billion
-2009 Earnings: $0,7 billion
– 2011 Capital Expenditure: $4 billion
– 2010 Capital Expenditure: $4,1 billion
-2009 Capital Expenditure: $3 billion
OMV projects and Business Highlights
With such solid reference stakeholder as IPIC, the new OMV Executive Board presented in September in Istanbul its Strategy 2021 for “Profitable Growth” through:
– Improved financial performances across the entire group
– Monetization of the natural gas value chain in strengthening the Baumgarten gas hub and the Central European Gas Hub (CEGH) trading platform
– Converting cheap gas into valuable electricity with power plant projects such as Brazi in Romania, Haiming in Germany, Samsun in Turkey
– OMV leadership in the 1,300 kilometers long Nabucco gas pipeline project from the Caspian Sea to Austria for which the Shah Deniz Consortium will announce its final decision on the route in mid-2013
– Performing tests in the Shuwaihat sour gas field for ADNOC in UAE
– Positioning itself for the renewal of the concessions in Abu Dhabi in 2014
– Operator of the Bina Bawi oil field in the Kurdistan region of Iraq
– Involved in large and complex projects such as Aasta Hansteen with Statoil and Rosebank with Chevron, both in the North Sea.
With the strong support from IPIC, OMV is changing scale and should appear more and more in large projects beside international oil companies and the Abu Dhabi National Oil Company (ADNOC).