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OMV Raises Oil Production in Libya

People ♦ Published: December 3, 2011; 19:33 ♦ (Vindobona)

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The Austrian oil and gas company OMV receives already about 50% of the pre-war volume. However, a full recovery will need another twelve months.

OMV Raises Oil Production in Libya / Picture: © OMV Aktiengesellschaft

When the war against Libya began in February 2011, the oil production of OMV declined drastically. The company had to withdraw its staff immediately, the exploitation came to a sudden break-down.

Now, the production reached about 50% of the pre-war level, OMV´s CEO Gerhard Roiss says. Roiss expects that twelve to fifteen months are needed in order to regain the full production…