15 Facts About OMV

OMV is an Austrian multinational integrated oil, gas and petrochemical company which is headquartered in Vienna, Austria.

OMV increased its stake in Hungarian oil group MOL to 20.

OMV then sold its entire stake in March 2009 after MOL rejected a takeover bid in 2008 and the European Commission imposed tough restrictions for an approval of the deal.

In late 2011, OMV acquired the stake held by Dogan Holding in Petrol Ofisi, which further increased its stake in the company to 95.

In September 2018, OMV became the only Austrian company listed on the Dow Jones Sustainability Index.

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OMV endorses the UN Guiding Principles on Business and Human Rights, acknowledging the duty of business enterprises to contribute to effective remedy of adverse impact that it has caused or contributed to.

OMV has never publicly showed an interest in the adverse impacts of its activities on the communities in its concession area.

OMV Exploration GmbH was a wholly owned subsidiary of OMV AG, and held a 26.

OMV was permanently represented in the Operating Committee and has never publicly distanced itself from any of its decisions.

Between 2001 and 2003, OMV met repeatedly with European human rights advocates led by Sudan Platform Austria, but the company took no effective measures to prevent involvement in human rights violations or undo the adverse impact of Lundin's operations.

In 2002, OMV nevertheless commissioned an independent report on the human rights situation in Block 5A, that has not been made public.

In June 2007 OMV made an unsolicited bid to take over MOL, which was rejected by the Hungarian company.

OMV dismissed its bid after negative results of the investigation by the European competition authorities.

OMV sold its entire stake to Surgutneftegas in March 2009.

On 10 April 2019 OMV announced that it would drill up to ten wells off the Otago, New Zealand coast.