OMV Aktiengesellschaft · Vienna Austria ·(Pink Sheets: OMVKY)(Vienna: OMV)

Oil and chemicals group OMV is Austria's largest industrial company. It explores for natural gas and crude oil, refines crude oil, and imports, transports, and stores gas. A leading oil and gas company in Central and Eastern Europe, OMV has proved reserves of 1.2 billion barrels of oil equivalent. OMV has a 20% retail market share in Central and Eastern Europe. The bulk of OMV's sales comes from refining and marketing. It produces about 320,000 barrels of oil equivalent per day and sells 13 billion cubic feet of gas annually. OMV's largest shareholders are Austrian state holding company ÖIAG (32%) and the International Petroleum Investment Company (IPIC) of Abu Dhabi (18%). To read the full description, subscribe now.