Austrian OMV Speaks About Social Responsibility in Energy
According to “SHANA“:
Representative of the Austrian Energy Heavyweight, “OMV“, said observing social responsibility measures make one of the company’s keys to success.
Addressing a conference on corporate social responsibility in petroleum industry, Raheleh Dolatabadi said on Tuesday that OMV is currently carrying out 300 projects in 20 countries across the world and is still working on SR measures in many of the fields it has long left.
“Responsible oil and gas recovery, innovation in generation of clean energies, holding training courses for SR activities in oil and gas fields and educating and training women are three of OMV’s strategies to carry out SR measures,” she said.
Dolatabadi said SR activities are not merely a bunch of charitable measures taken by companies; rather, they are economic initiatives by which companies will benefit from returns in the long run.
Iran opened the Corporate Social Responsibility Conference in Petroleum Industry on Tuesday, May 17, 2016.
Iranian Minister of Petroleum Bijan Zangeneh, Minister of Health Hassan Ghazizadeh Hashemi, Deputy Petroleum Minister Kazem Vaziri Hamaneh, and a number of other senior Iranian energy and government officials attended the opening ceremony of the event at the conference hall of Research Center of Petroleum Industry (RIPI).
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About “OMV Group”
OMV (ÖMV as it was known then) originated in 1956 as a joint-stock company formed out of the Soviet Mineral Oil Administration (Sowjetische Mineralölverwaltung, SMV), a corporation formed during the Soviet zone of occupation in post-war Austria. Four years later, in 1960, the company opened the Schwechat refinery near Vienna.[2] At the end of 1987, 15% of OMV was privatised, making it the first public listing of a state-owned company in Austria. In 1989, OMV acquired a 25% stake in plastics group, Borealis.
In 1990 the company opened its first filling station in Vienna-Auhof on 26 June 1990.
The International Petroleum Investment Company (IPIC) of Abu Dhabi acquired an initial 19.6% interest in the group at the end of 1994. The following year, the group changed its name from “ÖMV” to “OMV” because the umlaut on the “Ö” is not commonly used in many languages.
In the early 2000s, OMV expanded into Eastern Europe, by acquiring around 10% of Hungarian oil company, MOL and in 2003 it acquired the upstream division of Germany’s Preussag Energie, expanding its filling station networks.
In 2004, OMV became the market leader in Central and Eastern Europe following the acquisition of 51% of Romanian oil and gas group Petrom which constitutes the largest acquisition in OMV’s history.
