Tag Archives | Austria

OMV Profits Up on Libya Output

Austrian energy company OMV has boosted its dividend after fourth-quarter profit rose on increased production in Libya. Net income attributable to stockholders was up 19 percent on the same quarter last year, to EUR 393 million ($521 million). Net rose 19 percent, to 393 million euros ($521 million), on sales of 11.4 billion euros, the […]

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Lufthansa, Austrian, Temporarily Barred from Libya

Germany's Lufthansa and its subsidiary Austrian Airlines, have been refused permission to resume flights to Tripoli. The companies has suspended flights since 5th February over security concerns, but were planning to re-commence service from the middle of this week. A source at Tripoli Airport told Libya Herald that, since the two airlines had stopped flights […]

Lufthansa to Resume Flights on Wednesday

Lufthansa and its subsidiary, Austrian Airlines, has said it is to resume flights to Tripoli International Airport on 20th February. The companies halted flights to Tripoli due on 5th February due to security concerns. Lufthansa normally operates three flights a week to Tripoli, with Austrian Airlines flying twice a week. According to the report from […]

Libya Boosts OMV Profits

In its third quarter results, Austria energy company OMV had the following comments on its operations in Libya: Clean EBIT increased by 28% to EUR 617 mn, mainly due to higher sales volumes in Libya and favorable FX effects which more than offset the lower oil price and higher exploration expenses (EUR 179 mn vs. […]

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OMV Libyan Output Close to pre-Revolution Levels

Austrian energy group OMV said it will take most of the rest of this year to restore its Libyan production to levels of reliability seen before the revolution. Jaap Huijskes, head of exploration and production, told a news conference: "There's work ongoing. It will take most of the rest of this year to get back […]

Austria's OMV says Libya Output Close to Pre-Crisis Level

Austrian energy group OMV has said that production in Libya is now close to the level it had been before the uprising that toppled Muammar Ghaddafi. Total production rose to 305,000 barrels of oil equivalent per day from 299,000 in the previous quarter, also helped by higher production in New Zealand. Libya had provided a […]