OMV Resumes Production Works in Yemen

Business › Commodities ♦ 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: © Vindobona.org

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.

In…

or Log In

Fast News Search
Related News
Changes in Petrom’s Executive Board (July 13, 2012)
OMV Steps into Deep Water Gas Development in Northern Norwegian Sea (July 13, 2012)
Libya: Austrian Companies Face Losses of € 200m (July 4, 2012)
Czech Republic: OMV Withdraws, MOL Expands (July 4, 2012)
OMV Invests in Renewable Energy (July 3, 2012)
Read More
OMV, Bulgaria, Natural Gas, Yemen, Libya, Oil Industry
ISIN
AT0000743059
Featured
See latest Vindobona Newsletter