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Libya

OPEC in Vienna Decides to Keep Production Unchanged

The Organization of the Petroleum Exporting Countries (OPEC) today hosted its 167th Meeting of the OPEC Conference at the OPEC Secretariat in Vienna. Participants included OPEC Heads of Delegation and the Secretary General. There were some expectations that the production goal of 30 million barrels a day could move higher. However, the key issue the market was looking for will remain at 30 million barrels a day.

June 5, 2015

OPEC Member Countries Discuss Global Petroleum Development Strategies in Vienna

The 6th OPEC International Seminar, with the theme "Petroleum - An Engine for Global Development", aims to build on the previous events from the past decade. It is currently taking place at the Imperial Hofburg Palace in Vienna. The Seminar intends to underpin OPEC’s commitment to stabilize the international oil market by promoting cooperation and dialogue with stakeholders around the world.

June 3, 2015

List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria

The Vindobona table below is an updated list of National Days of all nations, which belong to at least one of following categories: Foreign Missions and Delegations in Vienna, Austria; Diplomatic Corps and other representations in Austria; International Organizations in Vienna and Permanent Missions; Missions and Delegations to the OSCE.

February 11, 2015 · Updated: February 7, 2018; 08:12

OMV: Problems in Libya Slow Down Production

The total production of OMV in the second quarter of 2013 has decreased compared to the same period of time in the previous year and the first quarter of the current year.

July 24, 2013

OMV Takes Up Production in Libya Again

OMV update on production in Libya.

July 15, 2013

OMV to Shut Down Production in Libya

Statement on OMV’s production in Libya.

July 11, 2013

VBAG to Sell Malta Affiliate

VBAG is going to sell its small Malta subsidiary in the course of the EU downsizing program which the banking institute has commited to.

March 23, 2013

Strabag to Return to Libya

Because of the war in 2011, the Austrian construction group withdrew from Libya. In total, 1,500 workers were employed in Libya.

February 23, 2013

OMV to Expand Production

Until 2016, the Austrian gas and oil group intends to enhance the daily production up to 350,000 barrels.

November 22, 2012

OMV: Libyan Output at Pre-War Level

The Austrian oil company could increase its oil production in the second quarter. OMV has to register extraordinary expenses of € 170m.

July 20, 2012

OMV Resumes Production Works in Yemen

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

July 17, 2012

Libya: Austrian Companies Face Losses of € 200m

Since the attacks against Libya in 2011, the damage for Austrian companies operating in Libya total € 200m. Major projects had to be postponed.

July 4, 2012

„Nabucco Will Die A Hundred Times“

OMV´s CEO Gerhard Roiss promotes the new „Nabucco West“ project and underlines the high probability of success.

June 14, 2012

Austrian Enterprises Participate in Reconstruction in Libya

AWO Austria initiated a market sounding journey to Tripoli. “Enterprises must be at the face before the rush begins.”

May 22, 2012

OMV Raises Production

Due to the economic recovery in Libya, the Austrian oil and gas group OMV increased Oil production.

April 24, 2012

AUA to Withdraw from Mumbai

Due to the increasing price pressure, Austrian Airlines has to focus on new markets. New target markets are Eastern Europe and the Middle East region.

February 13, 2012

Rising Production at OMV

Due to the resumption of works in Libya, the Austrian oil and gas group announces rising production volumes and slightly improving refining margins.

February 3, 2012

Asamer Returns to Libya

The Austrian manufacturer of building material aims for catching up the lost year 2011 in Libya.

January 23, 2012

OMV: Libyan Oil Production at 60% of Pre-War Level

The Austrian OMV produces 19,000 barrels per day in Libya. Production can be improved steadily. A Romanian refinery will be sold to the Romanian state.

January 13, 2012

OMV Raises Oil Production in Libya

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.

December 3, 2011

OMV’s Shale Gas Test Drilling Will Cost € 130m

The Austrian energy group sees a 20 percent chance of success for production at the Lower Austrian gas field that was discovered last month.

December 2, 2011

Austrian Companies Return to Libya

OMV and Asamer have already resumed business, while Strabag is still evaluating damages.

November 30, 2011

Strabag Increased Revenue and Earnings after Nine Months

Revenue of the Austrian construction group was up by 9%. EBIT stood at € 208m – 8% higher than in 2010.

November 30, 2011

OMV’s Performance Still Impacted by Libyan Production Shortfalls

The Austrian oil and gas company reported strong results for the first nine months of the year. Group EBIT was up by 11% year-on-year.

November 9, 2011

OMV to Resume Oil Production in Libya

The Austrian oil corporation had to abandon oil production in Libya at the beginning of the year. Now, OMV wants to continue its operations.

October 10, 2011

OMV Buys 500,000 Barrels of Condensate in Libya

It is the first supply from the war-torn country for the Austrian oil and gas group since March.

September 22, 2011

OMV Affected by Sanctions against Syria

The Austrian oil and gas company does not have a local production but buys 7% of its oil supplies from the Arabic country.

August 29, 2011

Austrian Companies Hope for Quick Return to Libya

In view of the approaching end of the Gaddafi regime Austrian companies start preparations for an early return to the North African country.

August 22, 2011

Strabag: No Early Comeback in Libya

The Austrian construction company had to stop projects worth € 350m, which resulted in a decrease in business backlog by 3% to € 15.2bn.

June 10, 2011

Every second Company Concerned by Crisis in Libya and Japan

According to a survey in Upper Austria, 46% of the companies are concerned by the rise in commodity and energy prices or by supply bottlenecks in the electronic industry.

April 23, 2011

OMV: German Refinery to be Converted

Because of the failures of Libyan oil imports, the OMV refinery at Burghausen is converted to alternative crudes.

April 19, 2011

OMV: Low Production in Libya

Production of the Austrian energy group is likely to amount to only a quarter of the normal level.

March 23, 2011

OMV Fears Destruction of the Libyan Infrastructure

With the military attack on Libya, the fear that Gaddafi could damage oil production facilities of Western corporations in retaliation increases.

March 22, 2011

Österreichische Kontrollbank: "There are no Failures to be Feared"

Despite the unpredictable political and economic consequences of the turmoil in the Arab, OeKB Member of the Board Rudolf Scholten consideres that there will be no failures.

March 12, 2011

Ruttenstorfer: "OMV Stays in Libya '

Despite unpredictable developments, Austrian OMV stays in Libya. Neither are there any changes planned in other Arab countries.

March 10, 2011

Austria's Construction Industry Expects Stagnation

In an interview with the newspaper "WirtschaftsBlatt", the CEO of the Porr construction company, Karl-Heinz Strauss, describes his prospects for the local construction industry.

March 8, 2011

OMV Continues Receiving Oil Deliveries from Libya

The Austrian oil and gas company is able to obtain deliveries from Libya in spite of the serious political crisis. Production is however limited.

March 8, 2011

Gaddafi Family Assets in Austria are Frozen

More than € 1.2bn of funds invested in Austria are to be blocked after international sanctions.

March 2, 2011

WKÖ: Development Plan for North Africa

Given the dramatic situation in North Africa, Christoph Leitl, President of the Economic Chamber (WKÖ) pleads for a ‘European Marshall Plan'.

March 1, 2011

Libya: OMV Foresees no Shortages

The CEO of the Austrian OMV considers not to have underestimated the risks in Libya.

February 24, 2011

Libya Crisis: No Shortage of Supplies

The North African country ruled by massive unrest is Austria's second-largest oil supplier.

February 23, 2011

OMV Expects Reduction in Oil Production in Libya

The Austrian energy company, which also operates in Libya, cannot eliminate any possibility of a decline in the oil production anymore.

February 23, 2011

Libya: Withdrawal of Austrian Companies

Most Austrian companies are getting their employees out as the result of violent riots in Libya.

February 22, 2011

OMV Observes Riots in Libya and Yemen „thoroughly“

The Austrian oil company OMV is not concerned by the current turmoils in Libya and Yemen. However, OMV watches the incidents permanently.

February 21, 2011

Major Order for Porr in Libya

Porr builds a sports stadium with a Turkish partner. The contract is worth € 220 million euro.

November 29, 2010