OMV Global
en de
OMV Global
All Locations
View Map
OMV Websites
OMV Group Austria Bulgaria Czech Rep. Germany Hungary New Zealand Norway Romania Serbia Slovakia Tunisia UAE
OMV Gas Websites
OMV Gas Austria Belgium Germany Hungary Netherlands Turkey
OMV Petrom Websites
OMV Petrom Petrom Romania Petrom Moldova
Borealis Websites
Borealis Group

OMV examines decree on OMV assets in Russia

OMV is currently examining the current facts to preserve its rights.

According to current information, the Russian President has signed a decree regarding the Yuzhno-Russkoye field. According to this decree, OMV's shareholdings and its interests in the gas field are to be transferred to new Russian companies. Those companies would be ultimately held by the insurance company JSC SOGAZ and Gazprom. The proceeds from the transfer of the OMV interest to JSC SOGAZ are to be paid into a special account.
OMV already decided in March 2022 that Russia is no longer a core region and that it will no longer make investments there. OMV has a 24.99% stake in the West Siberian Yuzhno Russkoye gas field, which was almost completely value adjusted in 2022. No further negative effects on the results are factually to be expected. With regard to this investment, a review was initiated at that point in time in which all options were examined, including the possibility of a sale and an exit.
In addition, the consolidation method for the Russian business was changed as of March 1, 2022. This stipulates that the operating results, cash flows and production volumes in Russia will no longer be included in the group report.
In 2022, OMV adjusted the value of its Russian business by a total of 2.46 billion euros. This value adjustment includes the 24.99% stake in Yuzhno Russkoje, as well as the receivables from Nord Stream 2 AG.
OMV is currently reviewing the presidential decree and may take further steps to preserve its rights.

About OMV Aktiengesellschaft
At OMV, we are re-inventing essentials for sustainable living. OMV is transitioning to become a leading sustainable fuels, chemicals and materials company with a focus on circular economy solutions, while operating today across three integrated business segments of Energy, Fuels & Feedstock, and Chemicals & Materials. By gradually switching over to low-carbon businesses, OMV is striving to achieve net zero by latest 2050. The company achieved revenues of EUR 62 billion in 2022 with a diverse and talented workforce of around 22,300 employees worldwide. OMV shares are traded on the Vienna Stock Exchange (OMV) and as American Depository Receipts (OMVKY) in the U.S. Further information at