OMV Resumes Production Works in Yemen

BusinessCommodities ♦ Published: July 17, 2012; 19:53 ♦ (Vindobona)

The Austrian oil and gas group may get oil from Yemen soon. In Bulgaria, OMV participates in exploitation works.

OMV Resumes Production Works in Yemen / Picture: ©

According to a spokesperson of OMV, the company resumed oil production in Yemen yesterday. The reason is the re-opening oft he most important export pipeline Maarib. After the attacks, the pipeline was out of order for months. Before the turmoils in Yemen, OMV produced about 2% of its oil in Yemen. According to OMV, it will take about two weeks in order to export oil again.