Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Austria’s OMV has long seen the Middle East and North Africa (MENA) region as key to its ambitions to be a truly international and vertically integrated oil firm.
But its choice of MENA countries has not always turned out for the best. Back in 2010 the firm was producing 33,000 b/d net in Libya, mainly from the 60,000 b/d capacity Zueitina fields it shares with US firm Occidental. At the time Libya provided almost 20% of OMV’s oil output making it the firm’s third most productive upstream province. But output collapsed to just 10,000 b/d in 2011 with the Libyan revolution. As with other producers in the country, hopes that a 2012 output rebound could be sustained floundered.
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE