Austria’s OMV Says Libya Oil Output close to Pre-Revolutionary Levels
21/07/2012
Austrian energy group OMV reports that oil output increased in the second quarter in Libya, mainly due to a continuing recovery in the country, with production now close to the level it had been before last year’s revolution that ousted former dictator Muammar Gaddafi.
In a trading statement, OMV said that total production worldwide rose to 305,000 barrels of oil per day from 299,000 in the previous quarter, also helped by higher production in New Zealand.
Libya had provided a tenth of OMV’s global output in 2010 before the bloody conflict halted production last year.
OMV said that that this increase was, however, partly offset by lower production in Romania (lower contribution from two gas fields) and Austria (planned shutdown in Aderklaa).
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