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Arab Spring ‘opens new avenues for oil firms’The change in landscape initiated by the Arab Spring has provided several opportunities and challenges for international oil companies (IOCs) that operate in North Africa, said a senior industry expert. Dr David Latin, senior vice presi More… |
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OMV in Abu Dhabi upstream dealAustrian energy group OMV has signed its first upstream joint venture in Abu Dhabi, agreeing to drill up to three appraisal wells for sour gas and condensate together with BASF's Wintershall. OMV said in a statement on Thursday that Ab More… |
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Ipic plan to raise OMV stake clearedAustria's competition watchdog has cleared Abu Dhabi sovereign wealth fund Ipic's plan to raise its stake in energy group OMV to at least 25 per cent, the agency said on Tuesday. Ipic had informed the Austrian Competition Authority More… |
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OMV production in Libya on trackAustrian energy group OMV's output from Libya has reached half the level it was before the civil war halted production, chief executive Gerhard Roiss said. "At the moment we are at 50 per cent of the pre-war level," or at around 17,000 bar More… |
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Abu Dhabi raises stake in oil group OMVAbu Dhabi's investment fund has raised its minority stake in OMV, two weeks after the Austrian oil and gas group said it would offload unprofitable refining and marketing assets. International Petroleum Investment Company (IPIC) raised its More… |
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OMV ends Iran Air fuel contractOil and gas group OMV has not renewed a fuel supply contract with Iran's state airline because of international sanctions against the Islamic Republic, an Austrian newspaper reported. The move means Iran Air planes can no longer fill up at More… |
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OMV unable to use Yemen pipelineAustrian energy group OMV said on Tuesday it would not be able to transport oil through Yemen's Safer Export Pipeline for the next two to three days as it is repaired following an incident. "Because we are not the operator of this pipeline More… |
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OMV Libya oil output tumbles, shares followAustrian oil and gas group OMV said it could be heading for a full production shutdown in Libya as it pulled staff out of the turmoil-hit country and its shares tumbled nearly 8 per cent. The flagship of OMV's growing North Africa busi More… |
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OMV acquires Tunisian exploration firmLeading Austrian energy group OMV said it has signed a deal to acquire the Tunisian subsidiaries of US oil and gas company, Pioneer Natural Resources, for $866 million. The transaction was done through its fully owned subsidiary OMV (Tunes More… |
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No plans to quit Yemen after shooting: OMVEnergy group OMV has no plans to quit its operations in Yemen after a security guard opened fire at its branch office there, killing a French contractor. "The Middle East is a core region for us and we are fully committed to it," spokeswom More… |
