Milestones in the OMV success story

Since starting out in Austria as a state-owned company in 1956, OMV has developed into the most successful industrial corporation in Austria and an international flagship. Numerous milestones have been passed on this route to success – come with us on a journey through time!

1956: Founding of the Österreichischen Mineralölverwaltung Aktiengesellschaft   
1960: The Schwechat refinery goes 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 goes into operation   
1974: Trans-Austria Gas Pipeline goes into operation   
1980: West-Austria Gas Pipeline goes into operation   
1984: First lead-free gasoline in Austria   
1985: First international E&P operations in Libya   

Acquisition of the Burghausen refinery

First step taken towards privatization: 15% of capital stock 

Takeover of PCD Polymere GmbH

Privatization of further 10% of ÖMV's capital stock 
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 opens in Austria   
1998: Sale of PCD to Borealis and acquisition of 25% stake in Borealis   

Takeover of the Australian exploration company CULTUS Petroleum NL

First OMV filling stations in Romania and Bulgaria 

Acquisition of around 10% of the Hungarian oil company MOL 

Set up of Global Solutions in Vienna under the name of OMV Service Netzwerk, as an internal service provider for the OMV Group


Expansion of the exploration areas in Yemen, Iran and Ireland

Natural gas sector spin-off to OMV Erdgas GmbH 

Acquisition of 25.1% of the Rompetrol Group

First OMV filling station in Serbia-Montenegro 

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 

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 capital for the first time 

Sale of the stake in the Rompetrol Group

OMV and IPIC acquire 100% of Borealis

OMV sells 50% AMI stake to IPIC 

Establishment of Global Solutions in Bucharest as an internal service provider for OMV Petrom S.A.

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 project 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 the stake in Petrol Ofisi from 41.58% to 95.75%
(increased to 97% in 2011)
2011: Acquisition of the E&P portfolio of Pioneer in Tunisia  
2012: Domino-1 well: significant gas discovery offshore Romania with high potential for OMV Petrom
2013: Largest investment in OMV’s history with USD 2.65 bn invested in Statoil deal for interests in Norway and the UK.  
2014: Sale of 45% of Bayernoil to Varo Energy B.V.  
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