News Release, October 10, 2016 - 12:00 pm (CEST)
OMV Petrol Ofisi A.S., a wholly owned subsidiary of OMV Aktiengesellschaft, agreed to sell its Aliaga Terminal to a group of international investors led by SOCAR.
OMV Petrol Ofisi’s Aliaga Terminal is located near the city of Izmir in Turkey and operates approximately 200,000 cbm of fuel storage capacity. The terminal also houses LPG storage facilities with 45,000 cbm capacity. SOCAR is constructing the STAR refinery nearby OMV Petrol Ofisi Aliaga Terminal. The refinery is planned to start operations by 2018.
The sale of the Aliaga Terminal is fully in line with OMV Petrol Ofisi’s strategy to continuously improve the efficiency of its terminal network and supply chain. At the same time, it unlocks significant synergies with the future STAR refinery.
OMV Petrol Ofisi A.S. will continue to use the fuel and LPG terminal in Aliaga based on a long-term storage and throughput agreement. Under this agreement OMV Petrol Ofisi has access to the import and storage facilities, and therefore retains full product sourcing flexibility.
Closing of the transaction is subject to certain conditions including approval by competition authorities and is expected by year-end 2016.
The sale of the Aliaga Terminal has no impact on the announced sale process of OMV Petrol Ofisi by OMV Aktiengesellschaft, which is ongoing as planned.
With Group sales of EUR 23 bn and a workforce of around 24,100 employees in 2015, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV focuses on three core regions – CEE (Romania, Austria), North Sea as well as Middle East and Africa – and selected development areas. 2015 daily production stood at approximately 303 kboe/d. In Downstream, OMV has an annual refining capacity of 17.8 mn tonnes and approximately 3,800 filling stations in 11 countries as of end of 2015. OMV operates a gas pipeline network in Austria and gas storage facilities in Austria and Germany. In 2015, gas sales volumes amounted to 110 TWh.