VOL. XXXVII

NO. 44

1-AUGUST-1994

Libya

OMV Share Of Oil Reserves In Libya Put At 55Mn Barrels

The share of Austria's OMV in crude oil and condensate reserves in Libya atend 1993 stood at 7.16mn tons (55mn barrels), compared to 7.735mn tons (59mnbarrels) in the previous year, according to the company's 1993 Annual Report. In1986 OMV established a joint venture with the Libyan National Oil Corporation (NOC)called the Zueitina Oil Company, in which NOC holds an 87.5% interest and OMV12.5%. OMV is...