!!!OMV AG

OMV AG: From 1945-1955, the Austrian oil industry was considered a 
former "German asset" and as such was administered by the Soviet Union 
under the name of SMV. After the Austrian State Treaty had been signed 
in 1955, the oil industry was returned to Austrian possession. 1956 
saw the foundation of the Oesterreichische Mineraloelverwaltung AG 
(since 1974 under the name of OeMV AG, since 1995 OMV AG), its task 
was the administration of Austrian petroleum resources. In 1958, the 
foundations for the Schwechat refinery were laid, production began 
towards the end of 1960. Up to 1987, when the first segment of 
privatisation took place, the Federal Republic of Austria held 100% of 
the company´s shares. Since 1995 shares are divided as follows: 
35 % OeIAG (for the Federal Republic of Austria), 19.6 % 
IPIC (Abu Dhabi), the remainder being held by minority shareholders. 
Nominal capital amounts to 2.7 billion ATS. Areas of 
activity include prospecting, drilling and production of  crude oil 
and  natural gas, processing and sale of petroleum products, chemical 
products and polymer technology. The annual output of Schwechat 
refinery amounts 10 million t. The petrol station chains OMV 
and Stroh and the  Agrolinz Melamin GmbH belong to the OMV group. The 
group also has interests in natural gas exploitation in other 
countries (e.g. United Kingdom, Libya and Australia). Group turnover 
in 1999 ATS 71.27 billion, 5,953 employees.


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