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OMV: Low Production in Libya

Published: March 23, 2011; 08:45 · (Vindobona)

Production of the Austrian energy group is likely to amount to only a quarter of the normal level.

OMV: Low Production in Libya / Picture: © Wikipedia / U.S. Navy photo by Mass Communication Specialist 2nd Class Jesse B. Awalt

OMV itself speaks of a "severe deterioration" in its oil production in Libya. But for the moment, the only thing to do is to wait and watch developments. Two days after the beginning of military intervention the future situation is impossible to be assessed.

About 9% of the group’s production came from Libya last year, 33,000 barrels a day. Currently, the oil extraction is at a…

This article includes a total of 206 words.

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