Austria's OMV upbeat on Libya oil output

Alwasat - Cairo Sat 04 May 2019, 01:38 PM
alwasat radio

Austria’s OMV expects Libyan oil production to remain stable in coming months.

The group made slow progress on its production goals, reaching 474,000 bpd by the end of March, as its business was hit by disruptions at Libya’s El Sharara oil field.

Work at Libya’s biggest oil field resumed in March after its latest disruption and OMV CEO Rainer Seele said he saw no sign that fighting in Libya would disrupt output again.

“Since we have started production,... we haven’t seen any interruption in operations, transport or loading ports,” he told Reuters.

Seele said he was aiming for an average production rate of 35,000 bpd in Libya.

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