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Austria

Gulf producers supplied 15.4% of Austria's crude imports in 2024, all from Saudi Arabia and Iraq; Kazakhstan supplies most. Low band. ADNOC's 24.9% OMV stake adds a capital link. Approved reading

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  • Region Europe · Western Europe
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Your exposure

Austria in our readings

Austria is in 1 of our country readings.

  • Gulf war / Hormuz Low

Each band as published in its reading, against that reading’s stated lines; the readings are never combined into one band.

Country card

Energy and value chains

EXHIBIT T-1 · AUSTRIA
Austria imported 71.7% of the energy it used in 2024.
Each figure in its own unit; each figure's year is shown.
Net import dependence, all energy
71.7%2024 · share of the energy it used · our calculation, EIA data
Largest energy source
Oil, 47.3%2024 · share of primary energy use · our calculation, EIA data
Electricity mix
Hydro, 51.8%2025 · share of electricity generated · EmberRenewables 83.5% The latest year is partly estimated by Ember.
Crude oil supplier concentration (HHI, 0–1)
0.352024 · index 0–1, EC line 0.40 · our calculation, Eurostat dataEC band: moderately concentrated

The EU's position in value chains (Austria is a member)

No value-chain share for Austria alone is on file; these are the EU's, which include it.

  • Design software and IP as part of the EU 25%BCG and SIA · 2022
  • Chipmaking equipment as part of the EU 18%BCG and SIA · 2022
  • Analog and other design as part of the EU 17%BCG and SIA · 2022

Shares as published, each with its own measure and period; never added across stages.

All stages on the value-chains page

SourceUS Energy Information Administration, EIA International Energy Data, energy balance by fuel (bulk INTL), all countries (Public domain (US federal work); credit EIA); Ember, Electricity data (yearly and monthly) (All of Ember's electricity data is fully open, CC BY 4.0.); Eurostat, Energy imports and exports by partner country (nrg_ti_* and nrg_te_*), all Eurostat energy reporters (CC BY 4.0; commercial reuse allowed with source credit.). Value chains: BCG and SIA (facts-only: Copyright BCG and SIA; single facts cited with attribution (read via reproduction by a government office)). Shares and the index: our calculation from these figures.How to read this plateEach figure carries its own year and unit; they sit side by side and are never added into one score. Supplier concentration: 0 = many small suppliers, 1 = one supplier; the European Commission draws a line at 0.40.
Exhibit T-1 · Austria · strature.net

The supply balance, good by good, is under Goods and chokepoints.

Outlook to October 2027

  • Geopolitics and conflict Not yet set
  • Trade, tariffs and sanctions Not yet set
  • Supply chains and chokepoints Not yet set
  • Energy and resources Elevated
  • Technology and cyber Not yet set
  • Regulation and compliance Not yet set
  • Finance and markets Not yet set
The seven outlooks in full: why, and the index

Seven categories, 12 months ahead. The outlook is our judgement, approved by the Principal. The index measures open data on 0–10; higher means more risk. How they are set

Compare Austria on the outlook map

Dates for Austria on the risk calendar

The other side: 3 lines from our readings and register

General information, not advice.

Risks that reach Austria

  • Gulf war / Hormuz Low

    • F-0074 · A renewed US or Israeli strike on Iran, 22 Aug-20 Nov 2026 · 61%, our estimate, scored when it resolves · resolves by 20 Nov 2026 · Open · brief S-001

    Note, : US Central Command reported strikes on Iranian territory on 30 Aug and 1 Sep 2026; this question resolves on 20 Nov under its rules.

    Strait of Hormuz

Each forecast is our estimate, scored when it resolves, in the register’s own words.

Who runs short first is not shown for Austria: no Hormuz shipping volume (tonnes or barrels) for it is on file, and the scenario cases need one.

Goods and chokepoints

Exhibit S-1 · Supply balance

How much Austria makes, buys and sells, good by good

Consumption = production + imports − exports (± stock change).
Reading the supply balance

Supply balance first, suppliers second.

One card per good, each in its own unit. Goods are never added together.

Each card shows the latest complete period: the newest with consumption and at least one of production, imports and exports on file.

Figures of 1,000 kb/d or more show in million barrels a day (mb/d).

What to watch

  • Monthly Statistik Austria crude imports by origin: the Saudi, Iraqi and Kazakh shares. Gulf war / Hormuz

Questions firms in this position often review

  • Which of the risks above reach our own suppliers, customers or assets in Austria?
  • Which of the forecasts above bear on our plans in Austria, and which outcome would change them?
  • Which dated items under What to watch fall inside our next planning cycle?

General research, not advice. Request a free pilot

Full analyst view

Open Austria on the map of brief questions

Dependency profile

Country card · Austria

Chokepoints. The Energy and Value-chain strips appear here as each is approved for Austria.

Chokepoints

Not enough open data
Modelled shares by strait (Strature route model)
  • Crude oil, 2024: Turkish Straits 55% · Suez 15% · Hormuz 13% · Bab el-Mandeb 13% (the route model covers 96% of its named imports) modelled

Not on file

  • A cited share of imports through Hormuz
  • Import dependence
  • Oil stocks in days
  • A headline line
  • Supply routes into it

Dashed underline = low confidence.

Flows as of 2025, measured moves 2Q 2026; each figure shows its own period.

Sources in this profile

Tap any number for its source, period, licence and confidence. Modelled shares come from Strature’s route model, not from a cited figure.

Show the list

    Map: Natural Earth, with Crimea drawn as part of Ukraine. Boundaries as drawn by the source; no position on any dispute is implied. Country and territory names follow common usage and imply no position on sovereignty. We say “the Gulf” for the sea also called the Persian Gulf or the Arabian Gulf. Routes are modelled, not ship tracks; not for navigation.

    No data provider endorses Strature or this page, and none is affiliated with us. Company shares, where shown, are as published by the named source; naming a company is not a view on it or its securities. Research, not advice.

    Country analysis

    Questions our briefs address

    The questions our published briefs address that touch Austria.

    Gulf war / Hormuz · Strature analysis, not from the brief

    Gulf war / Hormuz: what is at stake for Austria

    Gulf producers supplied 15.4% of Austria's crude imports in 2024, all from Saudi Arabia and Iraq; Kazakhstan supplies most. Low band. ADNOC's 24.9% OMV stake adds a capital link.

    Theme band Low

    15.4%

    Gulf share of crude imports, 2024

    56%

    Kazakhstan share of crude imports, 2025

    EUR5,908.6m

    ADNOC's OMV stake, market value, EUR m, 28 Oct 2026

    0.97%

    Share of goods exports to the GCC and Iran, 2025

    Read the full panel

    Risks

    • Saudi Arabia sent 931 kt and Iraq 248 kt of crude to Austria in 2024, out of 7,640 kt imported. Iraq's seaborne crude from the south has to pass the Strait.
    • OMV had about EUR 100m of one-off hedging losses from disrupted supply chains in Q1 2026, and bought 56,000 t from the compulsory emergency reserve, according to a press report of its results (Apr 2026). Estimate from press or commentary
    • Austria imports no products directly from the Gulf, but 3,924.544 kt of its 5,460.04 kt of product imports came from Germany in 2024; Gulf-refined diesel and jet can reach it through that route.
    • A Gulf state company is a large OMV shareholder: ADNOC holds 24.9% of OMV and has a consortium agreement with the state holding ÖBAG over 56.4% of the shares.

    Opportunities

    • Kazakh crude, 56% of imports in 2025, loads on the Black Sea and reaches Schwechat through Trieste, outside the Strait.
    • Compulsory stocks of about 2.6 Mt oil equivalent cover 90 days of net imports, about a quarter of annual use (press estimate). Estimate from press or commentary
    • Borealis, based in Vienna, and Borouge plan to merge, with Nova Chemicals, into Borouge Group International, subject to approvals, with ADNOC and OMV proposed at 46.94% each; the deal would put Gulf and Austrian petrochemical capacity in one group. Estimate from press or commentary

    Uncertainties

    • The 2025 origin split is not yet in Eurostat; slides citing Statistik Austria put Saudi Arabia at 12% in 2025, against 12.2% in 2024.
    • Part of Saudi crude can leave through Yanbu on the Red Sea, so the share that has to pass the Strait is lower than 15.4%; the split for Austrian cargoes is not published.
    • The capital figure is a market value that moves with the OMV share price, EUR 72.50 on 28 Oct 2026 against 57.20 on 23 Apr 2026.

    What to watch

    • 20 Nov 2026F-0074 resolves. A renewed strike could keep Iraqi and part of Saudi crude out for longer.
    • MonthlyStatistik Austria crude imports by origin: the Saudi, Iraqi and Kazakh shares.
    • QuarterlyOMV results: fuels operating result, refining margins and further draws on the emergency reserve.
    • 2026/27Approval and listing of Borouge Group International, and the planned move of ADNOC's OMV stake to XRG.

    Exposure by channel

    Exposure band per channel, with the figure and the published line
    ChannelFigureBandPublished line
    Crude oilDependence15.4% 2024Share of crude oil imports from Hormuz Gulf producersLowHigh ≥50% · Medium 25–50% · Low 10–25%
    Gulf capitalCapital and finance1.14% of GDP 2026Market value of ADNOC's OMV stake as % of GDPLowHigh ≥10% of GDP or ≥25% of FX reserves · Medium 2–10% of GDP · Low <2% of GDP but ≥US$1bn

    Bands follow the published materiality lines for this theme. A low-confidence figure alone caps a band at Medium.

    Austrian crude imports by origin, 2024 (kt)
    Crude oil imports, all origins: 7,639.654 kt (2024)Crude oil imports,…7,639.7Crude oil imports from Saudi Arabia: 931.015 kt (2024)Saudi Arabia931.0Crude oil imports from Iraq: 247.773 kt (2024)Iraq247.8

    GulfElsewhere

    Drawn to scale from zero. Source: Eurostat, Imports of oil and petroleum products by partner country (nrg_ti_oil), Austria, crude oil.

    Briefs and questions

    Sources cited

    Estimates from press or commentary

    Our calculations

    • Share of crude oil imports from Hormuz Gulf producers: 15.4% (= (Saudi Arabia + Iraq) / all crude imports, kt)
    • Market value of ADNOC's OMV stake: EUR5,908.6m (= 327.3 mn shares × 24.9% × share price)
    • Share of goods exports going to GCC states and Iran: 0.97% (= exports to GCC and Iran / all goods exports)
    • Market value of ADNOC's OMV stake as % of GDP: 1.14% of GDP (= stake value / 2025 GDP)
    • Gulf crude to replace if Gulf supply stops for 3 months: 294.7 kt (= (Saudi Arabia + Iraq crude imports, 2024) × 3 / 12)

    Strature analysis, not from the brief: researched by Strature from public sources and kept in our country dossier, updated 28 Oct 2026. General research, not advice. Who else is exposed: Gulf war / Hormuz →

    ISO 3166-1 name: Austria (AUT). Country and territory names follow common usage and imply no position on sovereignty.

    Sources and licences

    No figure on this page yet.

    Cite this page Strature, “Austria”, Strature GPS, https://strature.net/gps/aut/, 31 Oct 2026.

    • We say “the Gulf” for the sea also called the Persian Gulf or the Arabian Gulf.
    • General research, not advice.
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