OMV: "Turkey as a Bridge for Oil and Gas Wells in the region"

People ♦ Published: February 17, 2011; 01:57 ♦ (Vindobona)

The Austrian oil company, which has already invested € 2.0bn in Turkey, considers the location a starting point for the Middle East.

OMV: "Turkey as a Bridge for Oil and Gas Wells in the region" / Picture: © Wikimedia Commons / Waerfelu [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]

For the CEO of OMV, Wolfgang Ruttenstorfer, Turkey is a strategic starting point for the oil and gas resources of the Caspian and the Middle East. OMV sees Turkey, together with Austria and Romania, as its third core market.

The "critical mass" has been reached with the takeover of the Turkish Petrol Ofisi, for which alredy € 2.0bn were spent in investments. Further investments…

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Wolfgang Ruttenstorfer, M & A, Economic Growth, Turkey, Energy Industry, Gas Industry, Petrol Fuel, Nabucco, Oil Industry, OMV, Petrol Ofisi
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