Wintershall AG is the largest crude oil and natural gas producer in Germany. The company is based in Kassel, Germany. Wintershall is a wholly owned subsidiary of BASF, based in Ludwigshafen. The name Wintershall is derived from the surname of the enterprise co-founder Carl Julius Winter and the Celtic word for salt together. The company made a profit of 2.4 billion euro in 2005. In 2005, the company had 1,700 employees worldwide. The Chairman of the board of Executive Directors is Dr. Rainer Seele. The drilling company Wintershall was established in 1894 by the industrialist Heinrich... Grimberg and the drilling contractor Carl Julius Winters. Originally the company worked on the mining of potash. In 1930, the accidental leaking of oil into one of the potash pits added oil production to the list of company activities. Because of increased oil demand, Wintershall concentrated on oil production. Directly after World War II, the US Senate held some hearings on July 2, 1945, concerning the German economy and fiscal operations during the conflict.
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