VOL. XXXV

NO. 43

27-JULY-1992

Libya

OMV Share of Oil Reserves in Libya Put at 56mn Barrels

The share of Austria's OMV of crude oil and condensate reserves in Libya atthe end of 1991 stood at 7.344mn tons (56mn barrels), according to the company's1991 Annual Report. OMV, which is 70% owned by the Austrian Government, andLibya's state-owned National Oil Corporation (NOC) in 1986 established a jointventure called the Zueitina Oil Company in which NOC holds an 87.5% interest andOMV 12.5%. The Austrian...