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CEO Roiss: "Gas and Oil Remain the Core Business"

Published: May 5, 2011; 07:48 · (Vindobona)

Renewable energies are already part of the program of OMV, said Gerhard Roiss. However, oil and gas will dominate in Europe until 2020.

CEO Roiss: "Gas and Oil Remain the Core Business" / Picture: © Flickr

Nothing will change in the long term for OMV’s key productsg, says Roiss, even though the path of renewable energies "has already been taken". Oil and gas currently represent 61% of the revenue in the European energy sector, and it will still be over 50% in 2020.

Gas is still a growth segment, a factor related to Germany getting out of nuclear energy. The realization of the…

This article includes a total of 188 words.

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