Olís

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Olís (Icelandic : Olíuverzlun Íslands hf.) is the trademark of Iceland Oil Ltd., a company founded in Iceland 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.

Icelandic language North Germanic language mainly spoken in Iceland

Icelandic is a North Germanic language spoken in Iceland. Along with Faroese, Norn, and Western Norwegian it formerly constituted West Nordic; while Danish, Eastern Norwegian and Swedish constituted East Nordic. Modern Norwegian Bokmål is influenced by both groups, leading the Nordic languages to be divided into mainland Scandinavian languages and Insular Nordic. Historically, it was the westernmost of the Indo-European languages until the Portuguese settlement in the Azores.

In 1999, Iceland Oil Ltd. purchased all shares in Ellingsen, which was then consolidated into the holding company in 2001. The company also owns all shares in subsidiaries companies Hátækni and ísmar.

A holding company is a company that owns other companies' outstanding stock. A holding company usually does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group. Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies.

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.

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