Olís () is the

trade name A trade name, trading name, or business name is a pseudonym used by companies that do not operate under their registered company name. The term for this type of alternative name is fictitious business name. Registering the fictitious name with ...

of Iceland Oil Ltd. (), a company founded in

Iceland Iceland is a Nordic countries, Nordic island country between the Atlantic Ocean, North Atlantic and Arctic Oceans, on the Mid-Atlantic Ridge between North America and Europe. It is culturally and politically linked with Europe and is the regi ...

on October 3, 1927. The company has ever since been a part of the development of the Icelandic industries. The company is now divided into three main operating divisions: Sales, Logistics and Finance, along with support divisions which are Human Resources and Marketing. The firm operates a number of service stations under the trademark of Olís, in addition to the self-serve stations under the brand name of ÓB - inexpensive fuel. The first operational ÓB station was at Fjardarkaup in Hafnarfjördur. ÓB provides cheaper fuel and less service in simply operated automated stations. In 1999, Iceland Oil Ltd. purchased all shares in Ellingsen, which was then consolidated into the

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

in 2001. The company also owns all shares in subsidiaries companies Hátækni and ísmar. Olís was implicated in the 1993–2001 Icelandic oil price fixing scandal. Olís is one of the 30 largest companies in Iceland turnover being ISK 37 billion in 2012. The Balance Sheet amount to ISK 16.0 billion. The number of employees in 2012 was approximately 420.

External links

About OLÍS
Oil companies of Iceland Energy infrastructure in Iceland Filling stations Petroleum in Iceland {{Iceland-company-stub