OMV prepares to sell Turkish subsidiary

OMV AG is selecting advisors to assist with the sale of part or all of OMV Petrol Ofisi AS, a wholly owned wholesale and retail oil-products distributor in Turkey.

The subsidiary, with 1,785 fuel stations, has the largest retail network in the country, along with extensive storage and logistics assets. It sold about 10 million tonnes of oil products last year.

OMV is focusing on upstream and integrated downstream businesses.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...