OMV Not Expecting Prod'n this Year

Austrian energy group OMV said on Monday it that its performance was weighed down by the substantial decrease in oil prices and the ongoing security issues in Libya and Yemen.

Jaap Huijskes, head of exploration and production, told analysts on a conference call that OMV did not expect production in Libya to resume this year.

Outgoing Chief Executive Gerhard Roiss (pictured) earlier said the firm had no plans to quit the country.

(Sources: OMV, Reuters)

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