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OMV

Austria

 

 

 

Date: 2001 – 2009

Deal: According to Rig Zone, OMV signed an exploration contract for a 2,500 square kilometer area of the Mehr oil block with the National Iranian Oil Company (NIOC) in May 2001. As the operator, OMV had a 43 percent share of the project, with Spanish firm Repsol and Chilean firm Sipetrol as partners (Rig Zone, April 23, 2007). According to Reuters, OMV deemed the field commercially viable in February 2007, and company board member Helmut Langanger reported that it hoped to begin production in 2010 on projects worth a "hundred million dollars" (Reuters, May 13, 2007). In its report on Iran's energy partners, the United States Government Accountability Office (GAO) stated that OMV's exploration contract for the Mehr Block "ended in 2009 due to technical and economical constraints" (GAO Report, March 23, 2010).

Date: April 2007 – October 2009

Deal: According to the Tehran Times, OMV signed a Memorandum of Understanding with NIOC to participate in phases 12, 13 and 14 of South Pars gas field and to construct a liquefied natural gas plant in April 2007. In October 2009, the paper reported that OMV had backed out of the deal due to financial and political concerns (Tehran Times, October 19, 2009).

In April 2010, IRNA and Zawya reported that a spokesperson for OMV stated that the company believes Iran is a good market with extensive potential, and is willing to do business there (IRNA & Zawya, April 28, 2010).

Date: June 2014

Deal: According to Reuters, OMV representatives met with Iranian officials, amongst other oil companies, in June 2014 as Tehran was preparing to offer new projects and investment opportunities in Iran (Reuters, June 11, 2014).

U.S. Business Ties: According to USASpending.gov, in the past 10 years, OMV has received only minimal funding through contracts with the U.S. government; in that time, the company received just over $5,000 from the U.S. Department of Defense (USASpending.gov, accessed July 6, 2010).

Last Updated: July 17, 2014