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OMV Expects Reduction in Oil Production in Libya

Published: February 23, 2011; 00:10 · (Vindobona)

The Austrian energy company, which also operates in Libya, cannot eliminate any possibility of a decline in the oil production anymore.

OMV Expects Reduction in Oil Production in Libya / Picture: © Flickr

Due to the current political unrest in Libya, OMV expects a temporary reduction of its Libyan production and can not exclude a complete stop. In 2010, Libya contributed approx. 33,000 boe/d, that is about 10%, to OMV´s total production.

Concrete impacts are currently under evaluation. OMV´s presence in Libya has been reduced to few essential staff.

This article includes a total of 60 words.

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