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OMV Affected by Sanctions against Syria

Published: August 29, 2011; 16:34 · (Vindobona)

The Austrian oil and gas company does not have a local production but buys 7% of its oil supplies from the Arabic country.

According to the company’s own information, the EU’s sanctions against Syria will have only a limited impact on OMV’s business and will be less dramatic than the loss of production in Libya. “OMV is not operational in Syria. We are neither exploring nor producing oil and gas in the country and we do not run an office in Syria”, stated company spokesman Sven Pusswald on Monday.…

This article includes a total of 209 words.

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