Demanding Sale Program for OMV

EnergyOil & Gas ♦ Published: September 26, 2011; 17:04 ♦ (Vindobona)

Gerhard Roiss, CEO of the Austrian oil and gas company OMV announced to sale assets of more than € 1.0bn.

Demanding Sale Program for OMV / Picture: © Wikimedia Commons / Mgr.Ing. Jozef Kotulič [CC BY-SA 3.0 (]

After the strategy presentation of OMV in Istanbul last week, most analysts are regarding the announcement of Gerhard Roiss as “very demanding”.

Downstream assets will be sold  in order to achieve the growth targets in the upstream segment. “The realization of the program could be difficult. Various peergroup-companies already had the same strategy. The success was…