VOL. XXXIX

No. 6

11-November-1995

LIBYA

OMV Share Of Oil Reserves In Libya Set At 50Mn Barrels

Austria's OMV Group announced in its 1994 Annual Report that at the end of last year it held proven and probable oil and condensate reserves in Libya amounting to 6.6mn tons (50mn barrels), compared with 7.16mn tons (55mn barrels) in 1993. The company calculated that its total crude and NGL reserves (including those in Austria and the UK) stood at 27.9mn tons as of 1 January 1995. During 1994,...