OMV resumes suspended Libyan production
By Houda Mzioudet.
Tripoli, 17 July, 2013:
Austrian oil and gas company OMV has resumed production in Libya, after a 17-day break. OMV suspended operations on 25 June, citing the current political situation.
Media relations officer at OMV, Robert Lechner, told the Libya Herald that the main affected fields were in the Murzuk Basin, in the south-west of the country. Production has reportedly returned to “normal” levels. In 2012 OMV, which was among the first foreign oil firms to resume operations here after the revolution, was producing 30,000 barrels a day in Libya.
Earlier this month Deputy Oil Minister Omar Chakmak announced a one-third fall in Libya’s oil production, due to protests at the country’s oil fields, ports and refineries. Protestors have been demanding pay rises and changes in management.
More from Libya Herald..
- Congress committee calls for action against oil facility attackers
By Ahmed Elumami.
Tripoli, 21 May 2013:
The Energy Committee of the General National Congress today said that that anyone who forces oil facilities to close should be prosecuted in the courts...
- Oil major Wintershall honoured for help provided to employees during 2011 Revolution
By Valerie Stocker.
Tripoli, 10 November:
When the Libyan Revolution began in February 2011, foreign companies were faced with the difficult task of pulling out foreign staff, while provi...
- Zuetina oil fields and port still closed by protests
By Tom Westcott and Seraj Essul.
Tripoli, 15 July 2013:
Oil production and export remain at a standstill for the Zuetina Oil Company, as protests at the oil fields and export terminal enter a...
- Oil industry enjoyed a mixed 2012
By Nigel Ash
Tripoli, 22 February, 2013:
OMV today announced 2012 revenues up by a quarter thanks to the resumption of its Libyan operations which at around 33,000 b/d account for ten per...
- Libya contracts potential is US$ 10-15 bn per year
By Sami Zaptia.
Tripoli, 4 June 2013:
Speaking at the second day of the MEED “Projects Libya 2013” conference in Tripoli today, Ed James, head of MEED Insights said that the award p...