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OMV Archives - DespiteBorders

Tagged: OMV

The gas map of Europe

Economy · Security

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The gas map of Europe

The recent period of time is fraught with diverse surmises concerning the new gas pipeline routes. Each of these proposed routes is connected with its own history and issues which may lead to surprising twists. From the geographical point of view, the routes are oriented towards the north and south of Europe, i.e. the territory which the new pipelines will lead through. It is justified by the growing gas…

Nabucco gas pipeline project. Source: www.nabucco-pipeline.com

Economy · Security

Comments Magazine 2/2007 Download Download

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New vision for Nabucco

A conference on the Nabucco gas pipeline project attended by the partners involved was held on 14th and 15th September in Budapest. Apart from the main representatives of companies, which are the members of the consortium composed of OMV, MOL, Transgas, Bulgargaz and Botas, among those who attended the conference were also the European Commissioner for Energy Andris Piebalgs, the Hungarian…

Head Office of the Czech company CEZ in Prague. Source: www.financninoviny.cz

Economy · Security

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Strategic alliance CEZ – MOL

At the end of August 2007, the Czech Energy Company CEZ and the Hungarian Oil and Gas Company MOL proved, that even two (in the world scale) middle-sized companies from Central Europe can raise some excitement in the world media and among analysts. According to the capital value two times bigger Czech company agreed on a strategic alliance with the smaller partner, with the possibility…

Oil map of Central Europe

Economy · Security

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An oil map of Central Europe

In the end of June 2007, information on the Austrian concern OMV planning to take over the Hungarian oil company MOL appeared. Since a part of MOL’s shares is listed on the stock exchange, by means of capital market the Austrian company increased its stake in the Hungarian rival company by 8 per cent, namely from 10 to more than 18 per cent. This undertaking stirred up defiant reactions among the representatives…

The projected route of the Nabucco pipeline. Source: www.wikimedia.org

Economy · Politics · Security

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Nabucco, Hungary and joint European energy policy

The project of Nabucco gas pipeline, which in the future could make a step towards lowering the dependence on Russian supplies, has been drawn in plans for a few years. Its main supporter became the European Commission; based on warning signals of increasing dependence on small number of gas suppliers, it is searching for possibilities of partial diversification of natural gas origin and route…