Austrian energy: 62% of foreign approaches are German

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Austrian energy: foreign suppliers to threaten incumbents

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Austrian gas: market thrown open

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Electricity deregulation: Austrian commercial market gets more fickle

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ENI Agip: expands Austrian presence with Esso network acquisition

Italian oil major ENI Agip has extended its presence in Austria with the purchase of 171 Esso branded service stations, doubling its market share in the country. The deal represents a further shake up of the Austrian fuel retail market, following German discounter Aldi's announcement that it is to expand its network of service stations selling cut-price fuel to 100 sites.

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MOL: one step closer to acquiring Croatia's INA

Hungary-based MOL's long-held ambition of acquiring Croatian firm INA is one step closer to reality now that it has become the largest shareholder in the company, after purchasing many of the shares issued in a free float. Further talks are underway regarding MOL's desire to purchase some or all of Croatian government's remaining share, while Austria's OMV is keeping an unexpectedly low profile.

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OMV / MOL: fueling competition in central Europe

OMV has sold its 25% stake in Rompetrol and is now free to pursue its development aspirations in the growing Romanian fuel retail market. This is fundamental at a time when core regional rival MOL has announced that it will be updating and rebranding its recently acquired Shell sites in Romania by September of this year.

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OMV abandons attempt to acquire MOL, but for how long?

In the face of European Commission resistance, Austrian oil and gas company OMV has abandoned its protracted bid to acquire MOL, its Hungary-based rival. However, the EC may yet relax any restrictions placed on a potential merger, presenting OMV with another chance to acquire an MOL that could be left weakened by attempts to purchase Croatian oil firm INA.

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OMV: acquisitions boost regional leader

Austria's OMV is now a leading fuel retailer in Central and Eastern Europe, and the largest international retailer in Hungary and Slovakia. Not only is the company driving up fuel sales per site by acquiring sites with higher throughputs, but its new acquisitions will also enable the expansion of the non-fuel business at its service stations.

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OMV: good results, but repeat performance unlikely

Most of the oil majors saw hefty declines in profits as oil prices fell post-September 11. OMV was no exception, with a 25% decline in net income for Q4. Even so, 2001 profits reached record levels. The company will not be able to achieve similar growth in 2002, but it should be confident of another good year for marketing and chemicals and plastics.

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