2/17/2011

OMV to manage Mideast operations via Petrol Ofisi

Milliyet - Austrian energy company OMV will restructure its recently acquired Turkish oil retailer Petrol Ofisi into a regional operations center for its activities in the Middle East. OMV has taken control in Petrol Ofisi by increasing its shares in the company to 95.75 percent last October.

Wolfgang Ruttenstorfer, CEO of OMV, said that Petrol Ofisi will be turned into a management center to control OMV’s other activities in Turkey’s energy sector and that the company will focus on oil and gas exploration/production in neighboring countries to meet Turkey’s growing demand.
turkey; energy industry; omv; austria; petrol ofisi; operations center; Wolfgang Ruttenstorfer