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<strong>OPEC</strong> bulletin 6/08<br />
24<br />
Austria’s<br />
If you’ve ever taken the City Airport Train from Vienna<br />
International Airport to Wien-Mitte train station, you’ve<br />
undoubtedly encountered OMV. The company’s stylized<br />
blue and green logo is emblazoned on the sides of hundreds<br />
of cargo units, railway cars and storage tanks seen<br />
along the way. However, this local ubiquity belies the<br />
Austrian state energy company’s extensive investment<br />
activities and global international role.<br />
energy powerhouse<br />
By Alvino-Mario Fantini<br />
“Energy will, to a large<br />
degree, determine<br />
the future wealth of<br />
mankind. Without<br />
energy, there will be no<br />
economic progress.”<br />
— Helmut Langanger (pictured),<br />
Member of the OMV Executive Board<br />
and Head of the E&P Division.<br />
Originally founded in 1956, as a wholly state-owned<br />
enterprise, the Vienna-based company has grown over<br />
the past half century into an integrated international<br />
energy corporation. In 1987, the company was partially<br />
privatized. Although 31.5 per cent of shares outstanding<br />
are owned by the Österreichische Industrie Holding AG<br />
(OIAG), the Austrian state’s investment and privatization<br />
agency, 17.6 per cent is in the hands of the International
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