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OMV to Focus on Gas Business

Published: August 8, 2012; 19:53 · (Vindobona)

The Austrian oil and gas company intends to exploit natural gas in proximity to Europe. The Black Sea and the North Sea are the strategically most important areas.

OMV to Focus on Gas Business / Picture: © Flickr / World Economic Forum

“It is important to find natural gas near to Europe and the markets and to exploit it then.” OMV´s CEO Gerhard Roiss said today. In February, OMV discovered major natural gas reserves in the Romanian area of the Black Sea. Also in the Bulgarian area of the Black Sea, OMV is entitled to start natural gas test drillings. In Bulgaria, OMV operates with Repsol and Total. Roiss…

This article includes a total of 212 words.

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