OREANDA-NEWS. May 18, 2012. Despite all pressures imposed by western countries on Iran, we have made up our minds to stay in Iran, announced the Representative of Austrias OMV.

Mikholich said: "OMV is headquartered in European country and we should obey the regulations approved by European Union, but we decided to take part in 17th Iran Oil show."

He reiterated:" in case sanctions be removed, we are ready to develop our activities across Islamic Republic of Iran."

The representative of OMV referred to the price of gasoline in Islamic Republic and noted: " if the price of gasoline goes up and reaches 2 euros for each liter like the current price in European continent, OMV will take its presence into consideration to take part in Iran oil industry's mid stream & downstream sections."

OMV presence in Iran dates back to 10n years ago.