OMV: Weakest Refining Margin Since 2009

EnergyOil & Gas ♦ Published: October 18, 2013; 11:43 ♦ (Vindobona)

Compared to the same period in 2012, the whole production of Austrian oil company OMV has decreased in the third quarter as well as compared to the previous quarter.

OMV: Weakest Refining Margin Since 2009 / Picture: © Wikimedia Commons / DanielZanetti [CC BY 3.0 (]

In the third quarter an amount of 275,000 boe/d was produced. According to OMV’s trading statement, the reason for the decline were production standstills in Libya and Yemen due to strikes and security problems. Furthermore there were production stops at field Maari in New Zealand due to maintenance work and change of equipment. The oil producer expects a final result for the third…