OMV: Withdrawal from Czech Republic Possible

EnergyOil & Gas ♦ Published: October 3, 2011; 15:41 ♦ (Vindobona)

The Austrian energy company plans to leave the Czech petrol station market, reports the Czech Television (CT). Proceedings will be needed for the expansion of the gas business.

OMV: Withdrawal from Czech Republic Possible / Picture: © Wikimedia Commons / DanielZanetti [CC BY 3.0 (]

According to CT, the OMV plans to sell 220 petrol station in the Czech Republic. Moreover, several refineries may be sold too, such as the Bavarian refinery Burghausen.

The OMV needs € 1.0bn until 2014 in order to strengthen the gas business. The new company strategy promotes the expansion of this company segment. The corporation did not arrive to a final decision until…