Milestones of the OMV success story
What begun in Austria in 1956 as a state owned company has developed into the most successful industrial corporation in Austria and an international flagship. Today OMV is economically stronger than ever before. The best result in the history of the corporation was achieved in the 2005 financial year. Numerous milestones have been passed on this route to success - go with us on a journey through time!
| 1956: | Founding of the Österreichischen Mineralölverwaltung Aktiengesellschaft | |
| 1960: | The Schwechat refinery is taken into operation | |
| 1965: | Entry into mineral oil sales with Martha and ÖROP (later ELAN) | |
| 1968: | First natural gas supply contract with the former USSR | |
| 1970: | The Adria-Wien Pipeline is taken into operation | |
| 1974: | Trans-Austria Gas Pipeline is taken into operation | |
| 1980: | West-Austria Gas Pipeline is taken into operation | |
| 1984: | First lead-free gasoline in Austria | |
| 1985: | First international E&P operations in Libya | |
| 1987: |
Acquisition of the Burghausen refinery First step taken towards privatization: 15% of capital stock |
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| 1989: |
Take-over of PCD Polymere GmbH Privatization of further 10% of ÖMV's capital stock |
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| 1990: | Acquisition of CHEMIE LINZ Group; the first ÖMV filling station opens | |
| 1991: | Commencement of the international filling station retail business with the first ÖMV filling stations in Hungary, Czech Republic, Slovakia, Germany and Italy | |
| 1994: | Acquisition of 19.6% of ÖMV's capital stock by IPIC (Abu Dhabi) | |
| 1995: | Renaming from ÖMV to OMV | |
| 1996: | Secondary Offering of 15% of OMV shares | |
| 1997: | The first OMV CNG (compressed natural gas) filling station in Austria opens | |
| 1998: | Sale of PCD to Borealis and acquisition of 25% stake in Borealis | |
| 1999: |
Takeover of the Australian exploration-company CULTUS Petroleum NL First OMV filling stations in Romania and Bulgaria |
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| 2000: | Acquisition of around 10% of the Hungarian oil company MOL | |
| 2001: |
Expansion of the exploration areas in Yemen, Iran and Ireland Natural gas sector spin-off to OMV Erdgas GmbH |
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| 2002: |
Acquisition of 25.1% of the Rompetrol Group First OMV filling station in Serbia-Montenegro |
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| 2003: |
Acquisition of Preussag Energie international E&P-portfolio Acquisition of 45% of Bayernoil-Raffinerieverbund as well as 313 BP-filling stations in Germany, Hungary and Slovakia First OMV filling stations in Bosnia and Herzegovina Acquisition of 139 Avanti filling stations in Austria, Czech Republic, Slovakia and Bulgaria |
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| 2004: |
Restructuring into a management holding Acquisition of a 51% stake in the Romanian oil and gas group, Petrom Capital increase and issue of a convertible bond, hence the free float representing more than 50% of issued share for the first time |
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| 2005: |
Sale of the stake in the Rompetrol Group OMV and IPIC acquire 100% of Borealis OMV sells 50% AMI stake to IPIC |
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| 2006: | Acquisition of a 34% stake in the Turkish oil and gas group, Petrol Ofisi | |
| 2007: | Increase of shareholding in the hungarian oil company MOL to 20.2%; Decision to realize the first OMV power plant projekt in Petrobrazi (Romania) | |
| 2008: | ÖIAG/IPIC consortium increases shareholding in OMV to 50.7% | |
| 2009: | OMV sells its entire stake in MOL to Surgutneftegas | |
| 2010: | Increase of shareholding in the turkish Petrol Ofisi to 95.72%. |
