Tag: IVA

OMV bosses raked in most last year

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Business

Mineral oil firm OMV has the highest-earning board members in Austria, a report has shown.The study by investors’ protection group IVA found that OMV’s six-member board raked in 10.2 million Euros in “crisis year” 2009, up from 8.3 million Euros in the previous year.IVA examined Austrian firms quoted on the Vienna Stock Exchange’s (WBAG) Prime […]

OMV grabs rival’s Pakistan gas licence

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Business

OMV has taken over a major competitor’s right to explore and produce gas in Pakistan, it has emerged.The Vienna-based oil and gas giant said today (Tues) it acquired the licence to produce gas in the Asian country by Malaysian firm Petronas.OMV said the purchase will increase its gas production in Pakistan to around 25,000 barrels […]