Our Structure and Ownership
A solid footprint in the petrochemicals industry
Borealis is owned by the International Petroleum Investment Company of Abu Dhabi (64%) and by OMV Aktiengesellschaft, the leading energy group along the European growth belt (36%).
(© OMV)
H.E. Khadem Al Qubaisi, Managing Director of the International Petroleum Investment Company (IPIC) and Chairman of the Board of Aabar Investments, Chairman of the Borealis Supervisory Board.
David C. Davies, OMV Deputy Chairman of the Executive Board, Responsible for Finance, Vice Chairman of the Borealis Supervisory Board.
Company Backgrounders
The International Petroleum Investment Company (IPIC)
IPIC is fully owned by the Government of the Emirate of Abu Dhabi, and responsible for investments in refining and marketing, petrochemicals and other hydrocarbons-related sectors, outside the Emirates.
The organisation is supervised by an independent Board of Directors headed by H. H. Sheikh Mansour Bin Zayed Al Nahyan, Minister of Presidential Affairs, Government of United Arab Emirates and member of the Supreme Petroleum Council of Abu Dhabi.
IPIC is an internationally active, strategic investment company committed to operating on commercial principles and maximising its long run shareholder value. Its current portfolio includes a 19.6% stake in OMV Aktiengesellschaft.
OMV Aktiengesellschaft
With Group sales of EUR 42.65 bn and a workforce of around 29,000 employees in 2012, OMV Aktiengesellschaft is Austria's largest listed industrial company. In Exploration and Production, OMV is active in two core countries Romania and Austria and holds a balanced international portfolio. OMV had proven oil and gas reserves of approximately 1.12 bn boe as of year-end 2012 and a production of around 303,000 boe/d in 2012. In Refining and Marketing, OMV has an annual refining capacity of 22 mn t and as of the end of 2012 approximately 4,400 filling stations in 13 countries including Turkey. In Gas and Power, OMV sold approximately 437 TWh of gas in 2012. In Austria, OMV operates a 2,000 km long gas pipeline network with a marketed capacity of around 103 bcm in 2012. With a trading volume of around 528 TWh in 2012, OMV's gas trading platform, the Central European Gas Hub, is amongst the most important hubs in Continental Europe. OMV further strengthened its position through the ownership of a 97% stake in Petrol Ofisi, Turkey's leading company in the retail and commercial business.
A solid footprint in the petrochemicals industry
Borealis is owned by the International Petroleum Investment Company of Abu Dhabi (64%) and by OMV Aktiengesellschaft, the leading energy group along the European growth belt (36%).
(© OMV)
H.E. Khadem Al Qubaisi, Managing Director of the International Petroleum Investment Company (IPIC) and Chairman of the Board of Aabar Investments, Chairman of the Borealis Supervisory Board.
David C. Davies, OMV Deputy Chairman of the Executive Board, Responsible for Finance, Vice Chairman of the Borealis Supervisory Board.
Company Backgrounders
The International Petroleum Investment Company (IPIC)
IPIC is fully owned by the Government of the Emirate of Abu Dhabi, and responsible for investments in refining and marketing, petrochemicals and other hydrocarbons-related sectors, outside the Emirates.
The organisation is supervised by an independent Board of Directors headed by H. H. Sheikh Mansour Bin Zayed Al Nahyan, Minister of Presidential Affairs, Government of United Arab Emirates and member of the Supreme Petroleum Council of Abu Dhabi.
IPIC is an internationally active, strategic investment company committed to operating on commercial principles and maximising its long run shareholder value. Its current portfolio includes a 19.6% stake in OMV Aktiengesellschaft.
OMV Aktiengesellschaft
With Group sales of EUR 42.65 bn and a workforce of around 29,000 employees in 2012, OMV Aktiengesellschaft is Austria's largest listed industrial company. In Exploration and Production, OMV is active in two core countries Romania and Austria and holds a balanced international portfolio. OMV had proven oil and gas reserves of approximately 1.12 bn boe as of year-end 2012 and a production of around 303,000 boe/d in 2012. In Refining and Marketing, OMV has an annual refining capacity of 22 mn t and as of the end of 2012 approximately 4,400 filling stations in 13 countries including Turkey. In Gas and Power, OMV sold approximately 437 TWh of gas in 2012. In Austria, OMV operates a 2,000 km long gas pipeline network with a marketed capacity of around 103 bcm in 2012. With a trading volume of around 528 TWh in 2012, OMV's gas trading platform, the Central European Gas Hub, is amongst the most important hubs in Continental Europe. OMV further strengthened its position through the ownership of a 97% stake in Petrol Ofisi, Turkey's leading company in the retail and commercial business.
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