OMV AG has produced more oil in the past months, according to the company’s latest trading statement. The Viennese company – one of the most powerful players on Central and Eastern Europe’s (CEE) energy sector – said today (Fri) it produced 283,000 barrels of oil a day in the third quarter of 2011, up from […]
A 2,000-square-metre warehouse of a cooking oil company burnt down in Lower Austria keeping 150 fire fighters on their toes. Police estimated that the major blaze that started in Deutsch-Wagram in Lower Austria’s Gänserndorf district on Tuesday afternoon caused an estimated damage of one million Euros. Franz Resperger, spokesman for Lower Austria’s fire fighters stressed […]
Thousands of litres of petrol were nicked from industrial estates in Carinthia at the weekend, police said yesterday (Mon). Officials in the district of Villach said 6,000 litres of fuel were missing after someone entered a business property in Kras. They explained that the criminals robbed fuel from the tanks of five lorries and other […]
OMV AG may shut dozens of petrol stations in Austria and Germany. Company chief Gerhard Roiss explained yesterday (Weds) the firm’s new efficiency programme should help save 700 million Euros by 2014. Roiss also said OMV would invest 2.4 billion Euros into its various fields of operation in the coming 10 years altogether. Roiss – […]
Flight tickets, coffee and heating oil have become more expensive in Austria, new figures show. Statistik Austria announced today (Thurs) the inflation rose by 3.2 per cent from May 2010 to the same month of this year. The agency explained mineral oil products and foodstuff price hikes were mostly responsible for the overall increase of […]
An increasing number of Austrians is opting for high-performance cars despite climbing fuel prices.The Austrian Traffic Club (VCÖ) announced today (Weds) that 31 per cent more sport utility vehicles (SUVs) were sold so far this year than in the same time span of 2010. The organisation added that car dealers look back on a 40 […]
An energy sector watchdog has hit out at energy providers for jacking up gas prices.Independent market observer E-Control said today (Weds) companies operating in Austria must not give the ongoing debate about a possible farewell to nuclear energy in Germany as a reason for their gas price hikes.E-Control revealed Austrian households have been forced to […]
Energy sector giant OMV AG has managed to increase its turnover and profit although it was forced to scale back its activity at some of its most crucial production and exploration sites due to the unrest in the Arabian world.OMV said today (Weds) its turnover soared by 53 per cent to 8.07 billion Euros from […]
Austrians are buying less heating oil amid soaring prices, new figures show.The Institute for Economic Oil-Heating (IWO) announced today (Fri) private and business clients bought 1.7 billion litres of the product last year. The organisation explained this was a 0.6 per cent decline compared to figures from 2009.The IWO said it has been registering a […]
CAT Oil AG has managed to double its profit.The Austrian company which produces and offers services for the equipment for the oil and gas industry said today (Thurs) its net profit soared from 8.4 million Euros in 2009 to 19.5 million Euros the next year. Cat Oils turnover edged up by 0.3 per […]