OMV says Libya output hits 25,000 bbl/d in Q1

Austrian energy group OMV’s output from Libya rose to around 25,000 barrels per day in the first quarter, it said in a trading statement on Tuesday.

“Overall production increased compared to the previous quarter mainly due to the recovery of production in Libya (average production in Q1/12 of approximately 25,000 bbl/d). This increase was, however, partly offset by reduced production in Romania caused by severe weather conditions, as well as lower volumes in New Zealand,” it said.

(Source: Reuters)

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