Sponsored
Article Tools

OMV targets a 20% market share in Serbia

Published: September 13, 2010; 12:09 · (Vindobona)

Important changes are foreseen for 2011 in the Serbian oil industry. Because, effective from January 1, the energy company NIS will lose, albeit theoretically, its artificially upheld monopoly position…

OMV targets a 20% market share in Serbia / Picture: © Reuters

…and enters into the price war with its competitors, including the Austrian OMV.

In practice, it seems however that NIS, majority-owned by the Russian Gazprom subsidiary Gazprom Neft, will stay as the top dog in the derivatives market. Because according to what private providers who own in all about 500 gas stations announced to the media, they want to close an exclusivity…

This article includes a total of 303 words.

or Log In