OMV Output Up On Yemen, Libya Stability
Austrian energy group OMV has posted a total output figure of 302,000 barrels of oil equivalent (boe/d) in 1Q13, up marginally from 4Q12. This came due to production in Yemen and Libya edging up as a result of a more stable environment in both countries following the upheavals of the ‘Arab Spring’ in 2011 and 2012, the company said.
Production in the first three months of 2013 was up...